Good Life Advisors LLC Buys 8,791 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Good Life Advisors LLC raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 643.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,157 shares of the company’s stock after purchasing an additional 8,791 shares during the quarter. Good Life Advisors LLC’s holdings in Super Micro Computer were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. grew its stake in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after buying an additional 61,071 shares in the last quarter. Assetmark Inc. grew its position in shares of Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares during the period. Clear Creek Financial Management LLC acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $635,000. Nepsis Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $13,625,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SMCI. JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities restated an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.20.

Super Micro Computer Trading Down 1.6 %

Shares of SMCI stock opened at $59.27 on Friday. The stock has a market cap of $34.71 billion, a P/E ratio of 29.75 and a beta of 1.30. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $39.86.

Super Micro Computer Company Profile

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.