Super Micro Computer, Inc. (NASDAQ:SMCI) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 128.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,642 shares of the company’s stock after purchasing an additional 23,959 shares during the period. Victory Capital Management Inc.’s holdings in Super Micro Computer were worth $17,756,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in Super Micro Computer in the second quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its holdings in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in Super Micro Computer in the second quarter worth about $42,000. Finally, First PREMIER Bank lifted its holdings in Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $21.54 on Tuesday. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. 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 firm has a market capitalization of $12.05 billion, a PE ratio of 10.81 and a beta of 1.28. The company’s 50 day simple moving average is $39.32 and its 200 day simple moving average is $62.09.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Mizuho started coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price on the stock. Argus lowered 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 dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, Barclays dropped their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $66.89.

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.