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

RPG Investment Advisory LLC increased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 58.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,466 shares of the company’s stock after buying an additional 8,260 shares during the period. RPG Investment Advisory LLC’s holdings in Super Micro Computer were worth $9,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. increased its position in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the second quarter worth $25,000. Hazlett Burt & Watson Inc. increased its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of Super Micro Computer during the second quarter worth $42,000. Finally, First PREMIER Bank increased its position in shares of Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SMCI shares. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays lowered their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Down 6.6 %

SMCI stock opened at $21.70 on Wednesday. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 10.89 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90. The firm has a 50-day moving average of $41.08 and a two-hundred day moving average of $63.89.

About Super Micro Computer

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.