Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 98,200 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 917.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,900 shares of the company’s stock after acquiring an additional 98,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Super Micro Computer were worth $3,319,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Howard Capital Management Inc. bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $309,000. Integral Investment Advisors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $237,000. Wealthspire Advisors LLC bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $724,000. Tradewinds Capital Management LLC acquired a new stake in Super Micro Computer during the 4th quarter worth $461,000. Finally, First Horizon Advisors Inc. lifted its holdings in Super Micro Computer by 606.3% during the fourth quarter. First Horizon Advisors Inc. now owns 1,469 shares of the company’s stock worth $45,000 after acquiring an additional 1,261 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on SMCI. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their price objective on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average target price of $60.73.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $45.54 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business has a 50-day moving average of $35.82 and a 200-day moving average of $39.65. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.30. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

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.