871 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Acquired by Accent Capital Management LLC

Accent Capital Management LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the third quarter, HoldingsChannel reports. The institutional investor bought 871 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GQG Partners LLC purchased a new stake in Super Micro Computer in the 1st quarter worth approximately $1,325,466,000. International Assets Investment Management LLC increased its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Super Micro Computer by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares during the period. Assetmark Inc. lifted its stake in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after buying an additional 93,569 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after buying an additional 124,062 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

SMCI stock opened at $18.58 on Friday. 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 stock has a market cap of $10.39 billion, a PE ratio of 9.33 and a beta of 1.28. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a 50-day moving average price of $39.66 and a 200 day moving average price of $62.62.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SMCI shares. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Cfra reissued a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Mizuho started coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective for the company. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group cut 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.