BluePath Capital Management LLC Buys 26,767 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

BluePath Capital Management LLC grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 2,415.8% during the 4th quarter, HoldingsChannel reports. The fund owned 27,875 shares of the company’s stock after purchasing an additional 26,767 shares during the quarter. BluePath Capital Management LLC’s holdings in Super Micro Computer were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SMCI. International Assets Investment Management LLC raised its holdings in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares during the last quarter. Bridgewater Associates LP raised its holdings in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares during the last quarter. Van ECK Associates Corp lifted its position in Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after acquiring an additional 124,062 shares in the last quarter. Inspire Investing LLC lifted its position in Super Micro Computer by 1,730.3% in the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock valued at $44,730,000 after acquiring an additional 101,552 shares in the last quarter. Finally, Czech National Bank boosted its stake in Super Micro Computer by 963.7% during the 4th quarter. Czech National Bank now owns 109,175 shares of the company’s stock valued at $3,328,000 after purchasing an additional 98,911 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $30.99 on Thursday. The business’s fifty day moving average is $32.18 and its 200 day moving average is $47.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market capitalization of $17.33 billion, a PE ratio of 15.56 and a beta of 1.31.

Analyst Ratings Changes

SMCI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Barclays lowered their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Wedbush reiterated a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.89.

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.