Assenagon Asset Management S.A. Purchases New Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Assenagon Asset Management S.A. acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 83,406 shares of the company’s stock, valued at approximately $2,542,000.

Several other large investors have also recently bought and sold shares of the business. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the 4th quarter worth $30,000. Kieckhefer Group LLC purchased a new stake in Super Micro Computer during the fourth quarter worth about $43,000. Clean Yield Group acquired a new position in Super Micro Computer during the fourth quarter worth about $46,000. Resources Management Corp CT ADV increased its holdings in Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after buying an additional 30 shares in the last quarter. Finally, Rise Advisors LLC lifted its position in shares of Super Micro Computer by 909.5% during the 4th quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock valued at $52,000 after acquiring an additional 1,528 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Wedbush reissued 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. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, Northland Capmk upgraded shares of 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, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Up 4.3 %

SMCI stock opened at $33.86 on Thursday. The company has a 50 day moving average price of $33.22 and a two-hundred day moving average price of $45.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $18.94 billion, a P/E ratio of 17.00 and a beta of 1.31. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90.

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.