Benjamin Edwards Inc. Acquires Shares of 919 Super Micro Computer, Inc. (NASDAQ:SMCI)

Benjamin Edwards Inc. bought a new position in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 919 shares of the company’s stock, valued at approximately $383,000.

A number of other hedge funds also recently made changes to their positions in SMCI. Caisse DE Depot ET Placement DU Quebec increased its position in Super Micro Computer by 99.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,787 shares of the company’s stock worth $3,659,000 after purchasing an additional 4,372 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Super Micro Computer by 296.0% in the 3rd quarter. Verition Fund Management LLC now owns 15,213 shares of the company’s stock worth $6,335,000 after buying an additional 11,371 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Super Micro Computer by 132.2% during the 3rd quarter. Captrust Financial Advisors now owns 18,905 shares of the company’s stock valued at $7,872,000 after buying an additional 10,763 shares in the last quarter. Providence Wealth Advisors LLC lifted its holdings in shares of Super Micro Computer by 900.0% in the 3rd quarter. Providence Wealth Advisors LLC now owns 6,810 shares of the company’s stock valued at $2,836,000 after acquiring an additional 6,129 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Super Micro Computer by 18.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company’s stock worth $6,377,000 after acquiring an additional 2,403 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 0.5 %

NASDAQ:SMCI opened at $44.16 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a 50-day moving average of $36.99 and a 200 day moving average of $57.33. The firm has a market cap of $24.70 billion, a PE ratio of 22.05 and a beta of 1.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SMCI shares. Barclays lowered 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. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Cfra reiterated a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Finally, Loop Capital dropped their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.89.

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.