Lake Hills Wealth Management LLC Raises Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Lake Hills Wealth Management LLC grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 334.2% during the fourth quarter, Holdings Channel reports. The fund owned 14,812 shares of the company’s stock after purchasing an additional 11,401 shares during the period. Lake Hills Wealth Management LLC’s holdings in Super Micro Computer were worth $451,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. Annex Advisory Services LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $6,708,000. Diversify Advisory Services LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter worth about $5,113,000. Bridgewater Associates LP increased its stake in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Super Micro Computer by 1,169.5% during the 3rd 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 during the period. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SMCI shares. The Goldman Sachs Group decreased their target price 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. Barclays lowered their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Price Performance

Shares of SMCI opened at $33.86 on Thursday. The firm has a fifty day simple moving average of $33.22 and a two-hundred day simple moving average of $45.58. The firm has a market cap of $18.94 billion, a PE ratio of 17.00 and a beta of 1.31. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90.

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.