Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by abrdn plc

abrdn plc grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 825.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,602 shares of the company’s stock after acquiring an additional 155,737 shares during the quarter. abrdn plc’s holdings in Super Micro Computer were worth $5,316,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. grew its position in Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares during the period. Assetmark Inc. lifted its stake in shares of Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Super Micro Computer during the 4th quarter worth $635,000. Nepsis Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $13,625,000. Finally, Sanctuary Advisors LLC lifted its position in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of several research analyst reports. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital upped their price target on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lowered their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Up 7.2 %

Shares of Super Micro Computer stock opened at $36.28 on Monday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a market capitalization of $21.24 billion, a P/E ratio of 18.21 and a beta of 1.30. The company has a 50 day moving average of $33.55 and a 200 day moving average of $40.94.

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.