Wilmington Savings Fund Society FSB Makes New Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,582 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its stake in Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after acquiring an additional 1,192,366 shares during the period. Geode Capital Management LLC lifted its stake in Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in Super Micro Computer by 3.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after acquiring an additional 31,064 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 note on Wednesday, November 6th. Loop Capital boosted their target price on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Northland Securities reiterated an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday. Finally, Wedbush boosted their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $42.28 on Friday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 21.23 and a beta of 1.30. The company has a fifty day simple moving average of $33.51 and a 200-day simple moving average of $40.31. 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 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.