56,845 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 56,845 shares of the company’s stock, valued at approximately $1,733,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Advocates Investment Management raised its holdings in shares of Super Micro Computer by 839.9% in the 4th quarter. Financial Advocates Investment Management now owns 11,269 shares of the company’s stock valued at $343,000 after buying an additional 10,070 shares during the period. State of Alaska Department of Revenue increased its stake in Super Micro Computer by 877.3% during the fourth quarter. State of Alaska Department of Revenue now owns 57,395 shares of the company’s stock worth $1,749,000 after purchasing an additional 51,522 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Super Micro Computer by 253.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,711 shares of the company’s stock worth $1,494,000 after purchasing an additional 33,478 shares in the last quarter. Yorktown Management & Research Co Inc boosted its stake in shares of Super Micro Computer by 900.0% in the fourth quarter. Yorktown Management & Research Co Inc now owns 19,950 shares of the company’s stock valued at $608,000 after purchasing an additional 17,955 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $386,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research reports. Loop Capital increased their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, Wedbush restated a “neutral” rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $42.65 on Tuesday. The stock’s 50-day moving average is $33.56 and its two-hundred day moving average is $40.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a market cap of $24.97 billion, a price-to-earnings ratio of 21.41 and a beta of 1.30.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.