Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by Principal Securities Inc.

Principal Securities Inc. raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 250.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,147 shares of the company’s stock after acquiring an additional 2,249 shares during the period. Principal Securities Inc.’s holdings in Super Micro Computer were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SMCI. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont boosted its stake in 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 acquiring an additional 900 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Super Micro Computer in the fourth quarter valued at $31,000. Golden State Wealth Management LLC acquired a new position in Super Micro Computer in the fourth quarter valued at $34,000. Finally, Blue Trust Inc. boosted its stake in 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 acquiring an additional 825 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Up 12.2 %

Shares of Super Micro Computer stock opened at $51.11 on Thursday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $29.93 billion, a PE ratio of 25.66 and a beta of 1.30. The company has a 50-day moving average of $36.20 and a two-hundred day moving average of $39.65.

Analyst Ratings Changes

Several research firms have issued reports on SMCI. Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. The Goldman Sachs Group increased their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday. Northland Capmk upgraded 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 research note on Thursday, October 31st. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.73.

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.