Annex Advisory Services LLC Purchases Shares of 220,073 Super Micro Computer, Inc. (NASDAQ:SMCI)

Annex Advisory Services LLC bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) during the fourth quarter, Holdings Channel reports. The firm bought 220,073 shares of the company’s stock, valued at approximately $6,708,000.

A number of other hedge funds have also added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont grew its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Super Micro Computer in the fourth quarter worth about $43,000. Clean Yield Group purchased a new position in Super Micro Computer in the 4th quarter valued at approximately $46,000. Finally, Resources Management Corp CT ADV raised its stake in shares of Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 1.0 %

NASDAQ SMCI opened at $30.82 on Monday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business’s 50-day moving average is $32.59 and its 200 day moving average is $46.94. The stock has a market capitalization of $17.24 billion, a PE ratio of 15.47 and a beta of 1.31.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMCI. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. The Goldman Sachs Group cut their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, Loop Capital cut their target price 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $66.89.

Read Our Latest Analysis on SMCI

About Super Micro Computer

(Free Report)

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.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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