Everence Capital Management Inc. Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Everence Capital Management Inc. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,366.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,540 shares of the company’s stock after buying an additional 14,480 shares during the quarter. Everence Capital Management Inc.’s holdings in Super Micro Computer were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMCI. International Assets Investment Management LLC grew its holdings in 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 acquiring an additional 915,058 shares in the last quarter. Bridgewater Associates LP grew its stake in Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares in the last quarter. Van ECK Associates Corp increased its holdings in Super Micro Computer by 1,169.5% in the third 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. American Century Companies Inc. raised its stake in Super Micro Computer by 511.9% during the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after buying an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Super Micro Computer by 1,730.3% during the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after buying an additional 101,552 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Loop Capital dropped their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wedbush reiterated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $33.33 on Monday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. 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 cap of $18.64 billion, a P/E ratio of 16.73 and a beta of 1.29. The business’s 50-day moving average price is $32.35 and its 200 day moving average price is $50.47.

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.