Foundations Investment Advisors LLC Has $984,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Foundations Investment Advisors LLC lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 1,431.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,269 shares of the company’s stock after buying an additional 30,162 shares during the period. Foundations Investment Advisors LLC’s holdings in Super Micro Computer were worth $984,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares during the period. Nepsis Inc. acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $13,625,000. Annex Advisory Services LLC bought a new position in Super Micro Computer in the fourth quarter valued at approximately $6,708,000. Diversify Advisory Services LLC acquired a new stake in Super Micro Computer during the 4th quarter worth $5,113,000. Finally, Bridgewater Associates LP raised its position in shares of Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 1.3 %

NASDAQ:SMCI opened at $27.80 on Thursday. The company has a market cap of $15.55 billion, a P/E ratio of 13.96 and a beta of 1.31. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The business has a 50 day moving average price of $34.01 and a two-hundred day moving average price of $43.48. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

SMCI has been the topic of several recent research reports. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Barclays cut their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Loop Capital boosted their price objective on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.89.

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.