Accent Capital Management LLC Purchases New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Accent Capital Management LLC acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 871 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also bought and sold shares of SMCI. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Super Micro Computer in the 1st quarter valued at approximately $383,000. Tocqueville Asset Management L.P. purchased a new position in Super Micro Computer during the first quarter valued at $209,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Super Micro Computer by 2.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,272 shares of the company’s stock valued at $29,595,000 after buying an additional 563 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Super Micro Computer in the 1st quarter worth about $98,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Super Micro Computer in the 1st quarter worth about $424,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SMCI. Cfra reissued a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Wells Fargo & Company cut their price target on 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. The Goldman Sachs Group dropped their target price on 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, Loop Capital reduced their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued 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 Up 3.2 %

SMCI opened at $18.58 on Friday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. 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 firm has a 50 day moving average price of $39.66 and a 200-day moving average price of $62.62. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 9.33 and a beta of 1.28.

Super Micro Computer 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.