ING Groep NV Invests $1.96 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)

ING Groep NV acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, Holdings Channel.com reports. The fund acquired 64,219 shares of the company’s stock, valued at approximately $1,957,000.

Other institutional investors have also added to or reduced their stakes in the company. Parcion Private Wealth LLC increased its stake in shares of Super Micro Computer by 1,196.5% in the 4th quarter. Parcion Private Wealth LLC now owns 9,685 shares of the company’s stock valued at $295,000 after purchasing an additional 8,938 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its stake in Super Micro Computer by 1,233.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock valued at $1,280,000 after buying an additional 38,850 shares in the last quarter. First Bank & Trust grew its position in Super Micro Computer by 475.1% in the fourth quarter. First Bank & Trust now owns 11,589 shares of the company’s stock valued at $353,000 after acquiring an additional 9,574 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Super Micro Computer by 914.3% during the fourth quarter. Handelsbanken Fonder AB now owns 209,431 shares of the company’s stock worth $6,383,000 after acquiring an additional 188,784 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in Super Micro Computer by 545.6% during the fourth quarter. Private Advisor Group LLC now owns 31,978 shares of the company’s stock worth $975,000 after acquiring an additional 27,025 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $56.07 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The company has a 50 day simple moving average of $35.23 and a two-hundred day simple moving average of $39.67. The company has a market capitalization of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities reissued an “outperform” rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus 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.