IFP Advisors Inc Increases Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

IFP Advisors Inc increased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 646.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 27,476 shares of the company’s stock after buying an additional 23,797 shares during the quarter. IFP Advisors Inc’s holdings in Super Micro Computer were worth $838,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $87,000. Retirement Systems of Alabama increased its position in Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares during the last quarter. TrueWealth Advisors LLC raised its stake in shares of Super Micro Computer by 99.0% in the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after buying an additional 295 shares during the period. Miller Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at $152,000. Finally, State of Alaska Department of Revenue lifted its position in shares of Super Micro Computer by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock valued at $2,445,000 after buying an additional 395 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research reports. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday. They issued an “equal weight” rating and a $59.00 price objective for the company. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Three equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.87.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $42.95 on Friday. The stock has a market cap of $25.15 billion, a P/E ratio of 21.56 and a beta of 1.30. 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 business’s 50-day moving average price is $36.44 and its two-hundred day moving average price is $39.67. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90.

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.