Bridgewater Associates LP Acquires 145,327 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Bridgewater Associates LP raised its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 921.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,104 shares of the company’s stock after buying an additional 145,327 shares during the period. Bridgewater Associates LP’s holdings in Super Micro Computer were worth $67,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SMCI. Acadian Asset Management LLC bought a new position in shares of Super Micro Computer in the first quarter valued at $98,000. SVB Wealth LLC purchased a new stake in shares of Super Micro Computer in the first quarter valued at about $356,000. Janus Henderson Group PLC raised its holdings in shares of Super Micro Computer by 52.0% in the first quarter. Janus Henderson Group PLC now owns 4,013 shares of the company’s stock valued at $4,053,000 after purchasing an additional 1,373 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Super Micro Computer in the first quarter valued at about $3,295,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Super Micro Computer in the first quarter valued at about $1,302,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $34.43 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.26 billion, a PE ratio of 17.28 and a beta of 1.28. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a 50-day moving average price of $37.87 and a two-hundred day moving average price of $60.03.

Analyst Ratings Changes

Several analysts have recently commented on SMCI shares. Wedbush reiterated a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. The Goldman Sachs Group decreased 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 report on Wednesday, November 6th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, Mizuho began 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. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.