Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 194,950 shares of the company’s stock after acquiring an additional 175,455 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Super Micro Computer were worth $5,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SMCI. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Rhumbline Advisers raised its position in shares of Super Micro Computer by 897.0% during the 4th quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock worth $30,002,000 after acquiring an additional 885,582 shares in the last quarter. Nepsis Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $13,625,000. Finally, New York State Teachers Retirement System raised its position in shares of Super Micro Computer by 803.1% during the 4th quarter. New York State Teachers Retirement System now owns 409,622 shares of the company’s stock worth $12,485,000 after acquiring an additional 364,263 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Up 16.5 %

Super Micro Computer stock opened at $55.80 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. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a market cap of $32.67 billion, a PE ratio of 28.01 and a beta of 1.30. The stock’s 50 day moving average price is $33.97 and its 200 day moving average price is $39.74.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research analyst reports. Loop Capital lifted their price target on Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer 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 price target on the stock in a research report on Tuesday, February 11th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on 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 issued 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.20.

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.