First Horizon Advisors Inc. Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

First Horizon Advisors Inc. boosted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 606.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,469 shares of the company’s stock after purchasing an additional 1,261 shares during the quarter. First Horizon Advisors Inc.’s holdings in Super Micro Computer were worth $45,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust acquired a new position in Super Micro Computer during the 3rd quarter valued at approximately $87,000. Miller Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter worth $152,000. Archer Investment Corp raised its stake in shares of Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock worth $238,000 after buying an additional 448 shares in the last quarter. TrueWealth Advisors LLC raised its stake in shares of Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after buying an additional 295 shares in the last quarter. Finally, Bell Bank purchased a new stake in shares of Super Micro Computer during the third quarter valued at $259,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Finally, StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $61.87.

Super Micro Computer Stock Down 16.0 %

Super Micro Computer stock opened at $42.95 on Friday. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The firm has a market capitalization of $25.15 billion, a price-to-earnings ratio of 21.56 and a beta of 1.30. 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 firm has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $39.67.

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.