Stoneridge Investment Partners LLC Buys 10,942 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Stoneridge Investment Partners LLC lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 883.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,180 shares of the company’s stock after acquiring an additional 10,942 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Super Micro Computer were worth $371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Super Micro Computer in the third quarter worth approximately $87,000. Miller Wealth Advisors LLC purchased a new position in shares of Super Micro Computer in the third quarter valued at about $152,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Super Micro Computer by 252.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after acquiring an additional 268 shares during the period. Prospect Financial Services LLC purchased a new stake in shares of Super Micro Computer during the third quarter worth about $208,000. Finally, Wealth Effects LLC raised its stake in Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after purchasing an additional 245 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

SMCI stock opened at $36.28 on Friday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 18.21 and a beta of 1.30. The business’s fifty day simple moving average is $33.55 and its two-hundred day simple moving average is $41.20. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SMCI. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital increased their price target on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.89.

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.