Super Micro Computer (OTCMKTS:SMCI) Stock Price Passes Above 200-Day Moving Average of $21.40

Super Micro Computer, Inc. (OTCMKTS:SMCI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.40 and traded as high as $28.71. Super Micro Computer shares last traded at $28.02, with a volume of 363,431 shares traded.

Several equities research analysts have recently weighed in on the stock. TheStreet raised shares of Super Micro Computer from a “c+” rating to a “b” rating in a research report on Tuesday, January 14th. Maxim Group upped their price target on shares of Super Micro Computer from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and issued a $35.00 price target on shares of Super Micro Computer in a research report on Tuesday, February 4th.

The firm’s 50-day moving average price is $26.88 and its two-hundred day moving average price is $21.44.

Institutional investors and hedge funds have recently made changes to their positions in the company. Oaktree Capital Management LP purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $57,648,000. Snow Capital Management LP purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $7,282,000. Pzena Investment Management LLC purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $45,275,000. Finally, Icon Advisers Inc. Co. purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $1,119,000. 20.25% of the stock is owned by hedge funds and other institutional investors.

About Super Micro Computer (OTCMKTS:SMCI)

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

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