Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by RPG Investment Advisory LLC

RPG Investment Advisory LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,887.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446,426 shares of the company’s stock after purchasing an additional 423,960 shares during the quarter. Super Micro Computer makes up about 1.8% of RPG Investment Advisory LLC’s investment portfolio, making the stock its 19th largest holding. RPG Investment Advisory LLC’s holdings in Super Micro Computer were worth $13,607,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after acquiring an additional 1,192,366 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after acquiring an additional 31,064 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Super Micro Computer by 897.0% during the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after acquiring an additional 885,582 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $56.07 on Monday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $35.23 and its two-hundred day moving average price is $39.67. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The stock has a market cap of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30.

Analysts Set New Price Targets

SMCI has been the subject of several analyst reports. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Securities restated an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.20.

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.