Emerald Advisers LLC Acquires 683 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Emerald Advisers LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 77.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,562 shares of the company’s stock after acquiring an additional 683 shares during the period. Emerald Advisers LLC’s holdings in Super Micro Computer were worth $650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SMCI. Van ECK Associates Corp raised its stake in Super Micro Computer by 1,169.5% during the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after buying an additional 124,062 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in Super Micro Computer during the third quarter valued at $87,000. BluePath Capital Management LLC bought a new position in Super Micro Computer in the third quarter valued at about $461,000. Chicago Partners Investment Group LLC boosted its position in Super Micro Computer by 1,990.1% in the third quarter. Chicago Partners Investment Group LLC now owns 8,256 shares of the company’s stock worth $3,438,000 after purchasing an additional 7,861 shares during the last quarter. Finally, CacheTech Inc. grew its stake in shares of Super Micro Computer by 46.9% during the 3rd quarter. CacheTech Inc. now owns 5,215 shares of the company’s stock valued at $2,172,000 after purchasing an additional 1,666 shares during the period. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SMCI. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Mizuho assumed coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company reduced their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.33.

Super Micro Computer Trading Up 6.4 %

SMCI stock opened at $27.70 on Wednesday. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 13.91 and a beta of 1.28. 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 1-year low of $23.90 and a 1-year high of $122.90. The business has a 50 day simple moving average of $43.93 and a two-hundred day simple moving average of $66.15.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.14). The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue was up 142.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. Research analysts anticipate that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

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.