Flynn Zito Capital Management LLC Has $253,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Flynn Zito Capital Management LLC lifted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 237.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,300 shares of the company’s stock after acquiring an additional 5,838 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Super Micro Computer were worth $253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Arkadios Wealth Advisors acquired a new stake in Super Micro Computer during the 3rd quarter worth about $289,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Super Micro Computer by 45.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,097 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Super Micro Computer by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock worth $2,445,000 after purchasing an additional 395 shares during the period. J.W. Cole Advisors Inc. grew its position in Super Micro Computer by 82.0% during the third quarter. J.W. Cole Advisors Inc. now owns 968 shares of the company’s stock valued at $403,000 after purchasing an additional 436 shares in the last quarter. Finally, abrdn plc increased its stake in Super Micro Computer by 337.6% in the 3rd quarter. abrdn plc now owns 18,865 shares of the company’s stock valued at $7,880,000 after buying an additional 14,554 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research reports. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Cfra raised 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. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $60.73.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $51.11 on Thursday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a fifty day simple moving average of $36.20 and a 200 day simple moving average of $39.65. 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 company has a market cap of $29.93 billion, a P/E ratio of 25.66 and a beta of 1.30.

Super Micro Computer 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.