Oppenheimer & Co. Inc. Grows Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Oppenheimer & Co. Inc. raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 976.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 385,552 shares of the company’s stock after buying an additional 349,734 shares during the period. Oppenheimer & Co. Inc. owned about 0.07% of Super Micro Computer worth $11,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SMCI. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer in the third quarter valued at $87,000. Retirement Systems of Alabama increased its position in shares of Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. TrueWealth Advisors LLC increased its position in shares of Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares in the last quarter. Miller Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer during the third quarter worth about $152,000. Finally, State of Alaska Department of Revenue increased its position in shares of Super Micro Computer by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock worth $2,445,000 after purchasing an additional 395 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $51.11 on Thursday. The business’s 50 day simple moving average is $36.20 and its 200-day simple moving average is $39.65. The firm has a market capitalization of $29.93 billion, a price-to-earnings ratio of 25.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Northland Securities reissued an “outperform” rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.73.

Super Micro Computer Company 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.