Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 357.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 78,430 shares of the company’s stock after acquiring an additional 61,298 shares during the period. CIBC Asset Management Inc’s holdings in Super Micro Computer were worth $2,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Super Micro Computer by 887.7% during the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock worth $19,060,000 after purchasing an additional 562,029 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in Super Micro Computer by 900.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 194,950 shares of the company’s stock worth $5,942,000 after purchasing an additional 175,455 shares during the period. J.W. Cole Advisors Inc. increased its position in Super Micro Computer by 646.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,222 shares of the company’s stock worth $220,000 after purchasing an additional 6,254 shares during the period. Tcfg Wealth Management LLC purchased a new position in shares of Super Micro Computer during the 4th quarter worth approximately $383,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $1,733,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SMCI shares. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Wedbush raised their price objective 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, February 12th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Stock Down 5.4 %

Shares of NASDAQ:SMCI opened at $56.07 on Friday. 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 company has a market capitalization of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The stock’s fifty day simple moving average is $35.23 and its 200-day simple moving average is $39.97.

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.