Brookstone Capital Management Has $213,000 Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Brookstone Capital Management boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 930.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,995 shares of the company’s stock after buying an additional 6,316 shares during the period. Brookstone Capital Management’s holdings in Super Micro Computer were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMCI. Resources Management Corp CT ADV raised its holdings in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after acquiring an additional 30 shares during the period. Clear Point Advisors Inc. raised its stake in Super Micro Computer by 471.4% during the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares during the period. Quarry LP lifted its holdings in shares of Super Micro Computer by 5,850.0% in the second quarter. Quarry LP now owns 119 shares of the company’s stock valued at $98,000 after purchasing an additional 117 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer in the third quarter worth $87,000. Finally, Daymark Wealth Partners LLC boosted its position in shares of Super Micro Computer by 50.5% in the second quarter. Daymark Wealth Partners LLC now owns 301 shares of the company’s stock worth $247,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 1.0 %

SMCI opened at $30.82 on Monday. The firm has a market cap of $17.24 billion, a P/E ratio of 15.47 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. The business has a 50 day moving average price of $32.59 and a 200 day moving average price of $46.94. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Wedbush reissued a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group cut their target price 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 cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $66.89.

About Super Micro Computer

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.