Chase Investment Counsel Corp Buys 1,879 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Chase Investment Counsel Corp lifted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 231.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,690 shares of the company’s stock after acquiring an additional 1,879 shares during the quarter. Chase Investment Counsel Corp’s holdings in Super Micro Computer were worth $1,120,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SMCI. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC bought a new position in Super Micro Computer during the second quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its stake in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter worth about $42,000. Finally, First PREMIER Bank grew its position in shares of Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $21.70 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90. The stock has a market capitalization of $12.14 billion, a P/E ratio of 10.89 and a beta of 1.28. The business has a 50 day simple moving average of $41.08 and a two-hundred day simple moving average of $63.89.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMCI. Cfra reiterated a “hold” rating and set a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. The Goldman Sachs Group reduced 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 research note on Wednesday, November 6th. Wells Fargo & Company cut their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average target price of $66.89.

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.