Handelsbanken Fonder AB Purchases 188,784 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Handelsbanken Fonder AB boosted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 914.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 209,431 shares of the company’s stock after buying an additional 188,784 shares during the quarter. Handelsbanken Fonder AB’s holdings in Super Micro Computer were worth $6,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMCI. Creative Planning raised its position in Super Micro Computer by 9.1% during the third quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after acquiring an additional 755 shares in the last quarter. Signaturefd LLC raised its position in shares of Super Micro Computer by 47.4% in the third quarter. Signaturefd LLC now owns 1,191 shares of the company’s stock valued at $496,000 after purchasing an additional 383 shares during the period. Cromwell Holdings LLC raised its position in shares of Super Micro Computer by 1,511.7% in the third quarter. Cromwell Holdings LLC now owns 1,660 shares of the company’s stock valued at $691,000 after purchasing an additional 1,557 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Super Micro Computer by 160.7% in the third quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock valued at $3,040,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Parcion Private Wealth LLC acquired a new position in shares of Super Micro Computer in the third quarter valued at about $311,000. 84.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

SMCI has been the topic of a number of analyst reports. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities restated an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer 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 price objective for the company in a report on Tuesday, February 11th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group dropped 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 report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on 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 Stock Performance

NASDAQ:SMCI opened at $56.07 on Friday. The company has a fifty day moving average of $35.23 and a 200-day moving average of $39.82. The firm has a market capitalization of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30. 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, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90.

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.