State of Alaska Department of Revenue Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

State of Alaska Department of Revenue increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 877.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,395 shares of the company’s stock after purchasing an additional 51,522 shares during the quarter. State of Alaska Department of Revenue’s holdings in Super Micro Computer were worth $1,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont lifted its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter valued at $31,000. New Wave Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $42,000. Finally, Kieckhefer Group LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth $43,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Price Performance

SMCI opened at $38.61 on Wednesday. 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 $22.61 billion, a PE ratio of 19.38 and a beta of 1.30. The stock’s 50 day moving average price is $33.53 and its 200-day moving average price is $40.52. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush reissued a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.07.

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.