World Equity Group Inc. Invests $260,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

World Equity Group Inc. purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,540 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Super Micro Computer by 917.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 108,900 shares of the company’s stock worth $3,319,000 after acquiring an additional 98,200 shares during the period. Howard Capital Management Inc. acquired a new position in Super Micro Computer during the fourth quarter worth about $309,000. Integral Investment Advisors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $237,000. Wealthspire Advisors LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $724,000. Finally, Tradewinds Capital Management LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $461,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average price target of $60.73.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $51.61 on Tuesday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The firm has a fifty day moving average of $35.59 and a 200-day moving average of $39.69. The firm has a market capitalization of $30.22 billion, a P/E ratio of 25.91 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.

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.