Advisors Asset Management Inc. Has $1.09 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Advisors Asset Management Inc. increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 22.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,618 shares of the company’s stock after buying an additional 478 shares during the quarter. Advisors Asset Management Inc.’s holdings in Super Micro Computer were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its stake in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in Super Micro Computer during the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. lifted its holdings in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at about $42,000. Finally, First PREMIER Bank increased its stake in shares of Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after buying an additional 29 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI opened at $38.41 on Tuesday. The business’s fifty day moving average is $38.08 and its 200 day moving average is $60.35. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. 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 stock has a market cap of $21.48 billion, a P/E ratio of 19.28 and a beta of 1.28.

Analysts Set New Price Targets

Several brokerages recently commented on SMCI. Barclays reduced their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. The Goldman Sachs Group decreased their price objective on shares of 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. Needham & Company LLC began coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Mizuho initiated coverage on Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target for the company. Finally, StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three equities research 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer 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.