Rockline Wealth Management LLC Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Rockline Wealth Management LLC purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $366,000.

A number of other large investors have also made changes to their positions in the stock. State Street Corp grew its stake in Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after purchasing an additional 31,064 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Super Micro Computer by 63,634.1% during the 3rd 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 last quarter. Finally, Nepsis Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $13,625,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of several recent research reports. 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 report on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Price Performance

SMCI stock opened at $26.85 on Tuesday. The firm has a market cap of $15.72 billion, a P/E ratio of 13.48 and a beta of 1.31. 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 1 year low of $17.25 and a 1 year high of $122.90. The stock has a 50-day simple moving average of $33.68 and a 200-day simple moving average of $42.25.

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.