Super Micro Computer, Inc. (NASDAQ:SMCI) Position Increased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 99.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,787 shares of the company’s stock after acquiring an additional 4,372 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Super Micro Computer were worth $3,659,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in 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 worth $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after buying an additional 2,011 shares in the last quarter. Bridgewater Associates LP raised its position in Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after buying an additional 145,327 shares during the period. Assetmark Inc. lifted its stake in Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after acquiring an additional 93,569 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in 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 worth $56,077,000 after acquiring an additional 124,062 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SMCI. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Mizuho assumed coverage on Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $109.00 to $70.00 in a research report on Wednesday, August 7th. Three equities research 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, the stock has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Up 28.7 %

NASDAQ:SMCI opened at $42.00 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $37.30 and its 200-day moving average is $59.06. The firm has a market cap of $23.49 billion, a price-to-earnings ratio of 21.11 and a beta of 1.28. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

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.