Texas Permanent School Fund Acquires New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Texas Permanent School Fund acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,954 shares of the company’s stock, valued at approximately $2,541,000. Texas Permanent School Fund owned 0.06% of Super Micro Computer as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SMCI. Financial Management Professionals Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Super Micro Computer during the third quarter valued at approximately $37,000. IFP Advisors Inc increased its position in Super Micro Computer by 182.0% during the fourth quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock worth $39,000 after purchasing an additional 728 shares during the last quarter. Captrust Financial Advisors increased its position in Super Micro Computer by 31.5% during the second quarter. Captrust Financial Advisors now owns 1,415 shares of the company’s stock worth $57,000 after purchasing an additional 339 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Super Micro Computer during the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 73.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Loop Capital upped their price target on shares of Super Micro Computer from $100.00 to $150.00 in a research report on Wednesday, May 3rd. Northland Securities upped their price target on shares of Super Micro Computer from $175.00 to $200.00 in a research report on Wednesday, May 3rd. Susquehanna upped their price target on shares of Super Micro Computer from $69.00 to $90.00 in a research report on Wednesday, May 3rd. StockNews.com assumed coverage on shares of Super Micro Computer in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Wedbush reaffirmed an “underperform” rating and set a $65.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.00.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $132.25 on Wednesday. Super Micro Computer, Inc. has a 52-week low of $37.01 and a 52-week high of $143.53. The firm has a fifty day moving average of $106.50 and a 200-day moving average of $91.20. The firm has a market capitalization of $6.94 billion, a P/E ratio of 12.45 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 2.49 and a debt-to-equity ratio of 0.08.

Super Micro Computer Company Profile

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.