Dimensional Fund Advisors LP boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 833.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,939,536 shares of the company’s stock after purchasing an additional 2,624,746 shares during the period. Dimensional Fund Advisors LP owned about 0.49% of Super Micro Computer worth $140,882,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Clear Street LLC purchased a new stake in Super Micro Computer during the 2nd quarter worth approximately $158,724,000. Norges Bank purchased a new position in shares of Super Micro Computer during the 2nd quarter valued at approximately $150,395,000. Marshall Wace LLP grew its position in shares of Super Micro Computer by 596.4% during the second quarter. Marshall Wace LLP now owns 3,437,714 shares of the company’s stock worth $168,482,000 after buying an additional 2,944,049 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Super Micro Computer by 4.1% during the third quarter. Vanguard Group Inc. now owns 68,848,777 shares of the company’s stock worth $3,300,610,000 after buying an additional 2,695,829 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Super Micro Computer by 31.6% in the second quarter. Invesco Ltd. now owns 8,639,784 shares of the company’s stock worth $423,436,000 after buying an additional 2,073,978 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.
Super Micro Computer Stock Performance
Super Micro Computer stock opened at $31.79 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 1.01. Super Micro Computer, Inc. has a 12 month low of $27.60 and a 12 month high of $62.36. The company has a fifty day moving average price of $31.16 and a two-hundred day moving average price of $38.16. The company has a market cap of $19.04 billion, a PE ratio of 23.72, a P/E/G ratio of 0.63 and a beta of 1.52.
Analyst Ratings Changes
SMCI has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Sunday, February 15th. Sanford C. Bernstein dropped their target price on shares of Super Micro Computer from $42.00 to $37.00 and set a “market perform” rating for the company in a research report on Wednesday, February 4th. The Goldman Sachs Group upped their target price on shares of Super Micro Computer from $26.00 to $27.00 and gave the company a “sell” rating in a research note on Wednesday, February 4th. Citigroup reduced their price target on shares of Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Finally, Barclays set a $38.00 price target on Super Micro Computer and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.43.
Check Out Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Company Profile
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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