Caisse DE Depot ET Placement DU Quebec Acquires 4,372 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

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

Several other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in Super Micro Computer by 63,634.1% in the third 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 during the period. Dimensional Fund Advisors LP increased its holdings in Super Micro Computer by 0.6% in the 2nd 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 during the period. Bridgewater Associates LP raised its stake in shares of Super Micro Computer by 921.1% in the 3rd 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 in the last quarter. Assetmark Inc. lifted its holdings in shares of Super Micro Computer by 164.8% during 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 during the period. Finally, 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 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.

Super Micro Computer Stock 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. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The stock’s fifty day simple moving average is $37.30 and its 200-day simple moving average is $59.06. The firm has a market capitalization of $23.49 billion, a P/E ratio of 21.11 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMCI. Wells Fargo & Company lowered their target price 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. Bank of America cut 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 report on Wednesday, August 7th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Loop Capital dropped 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. Finally, Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.89.

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.