Strait & Sound Wealth Management LLC Purchases Shares of 2,745 Super Micro Computer, Inc. (NASDAQ:SMCI)

Strait & Sound Wealth Management LLC acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the third quarter, HoldingsChannel reports. The fund acquired 2,745 shares of the company’s stock, valued at approximately $1,143,000.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake 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 in the last quarter. Bridgewater Associates LP lifted its position in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after acquiring an additional 124,062 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after acquiring an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Super Micro Computer by 1,730.3% during the third quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after purchasing an additional 101,552 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on SMCI. Cfra reissued a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. 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 target price on the stock. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Loop Capital dropped their price objective on shares of 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 investment 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’s stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $44.16 on Tuesday. The stock has a 50 day moving average price of $36.99 and a 200-day moving average price of $57.33. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of 22.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.