D.A. Davidson & CO. Increases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

D.A. Davidson & CO. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 529.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,306 shares of the company’s stock after purchasing an additional 12,875 shares during the period. D.A. Davidson & CO.’s holdings in Super Micro Computer were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $34,000. Finally, Blue Trust Inc. grew its position in shares of Super Micro Computer by 203.2% in the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. Northland Securities restated an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.73.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $45.54 on Wednesday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a market capitalization of $26.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm’s fifty day moving average price is $35.82 and its 200 day moving average price is $39.65.

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.