Stifel Financial Corp Buys 19,252 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Stifel Financial Corp lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 110.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,628 shares of the company’s stock after acquiring an additional 19,252 shares during the quarter. Stifel Financial Corp’s holdings in Super Micro Computer were worth $15,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RFG Advisory LLC acquired a new stake in shares of Super Micro Computer during the second quarter worth $242,000. Dynamic Advisor Solutions LLC grew its holdings in Super Micro Computer by 30.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,297 shares of the company’s stock worth $1,063,000 after acquiring an additional 300 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Super Micro Computer by 404.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,412 shares of the company’s stock worth $1,157,000 after acquiring an additional 1,132 shares during the period. V Square Quantitative Management LLC raised its position in shares of Super Micro Computer by 134.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 451 shares of the company’s stock worth $370,000 after acquiring an additional 259 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at about $179,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMCI has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price on the stock. Wedbush restated 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. Barclays dropped their price objective 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. Finally, Needham & Company LLC initiated coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 8.2 %

Super Micro Computer stock opened at $40.54 on Wednesday. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 20.22 and a beta of 1.29. The firm has a 50 day simple moving average of $37.03 and a 200 day simple moving average of $57.03. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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.