RPG Investment Advisory LLC Acquires 8,260 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

RPG Investment Advisory LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 58.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,466 shares of the company’s stock after acquiring an additional 8,260 shares during the quarter. RPG Investment Advisory LLC’s holdings in Super Micro Computer were worth $9,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GQG Partners LLC bought a new position in shares of Super Micro Computer during the 1st quarter valued at $1,325,466,000. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after buying an additional 915,058 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Super Micro Computer by 1,169.5% during the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after buying an additional 124,062 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after buying an additional 110,308 shares during the period. 84.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several analyst reports. Wedbush restated a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Loop Capital reduced their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Mizuho began coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Trading Down 6.6 %

Shares of NASDAQ SMCI opened at $21.70 on Wednesday. The business’s 50 day moving average is $41.08 and its two-hundred day moving average is $63.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1-year low of $20.20 and a 1-year high of $122.90. The stock has a market capitalization of $12.14 billion, a P/E ratio of 10.89 and a beta of 1.28.

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.