Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Purchased by Burney Co.

Burney Co. increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 547.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,757 shares of the company’s stock after purchasing an additional 5,713 shares during the period. Burney Co.’s holdings in Super Micro Computer were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Kathmere Capital Management LLC raised its position in shares of Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after purchasing an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of Super Micro Computer by 7.0% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock worth $351,000 after purchasing an additional 28 shares during the last quarter. Steel Grove Capital Advisors LLC raised its position in shares of Super Micro Computer by 3.9% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock worth $647,000 after purchasing an additional 30 shares during the last quarter. Resources Management Corp CT ADV raised its position in shares of Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after purchasing an additional 30 shares during the last quarter. Finally, Harmony Asset Management LLC raised its position in shares of Super Micro Computer by 0.6% during the 2nd quarter. Harmony Asset Management LLC now owns 6,187 shares of the company’s stock worth $5,069,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Down 1.0 %

Shares of Super Micro Computer stock opened at $30.82 on Friday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market capitalization of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31. The company’s fifty day moving average is $32.59 and its two-hundred day moving average is $47.18.

Analyst Ratings Changes

SMCI has been the subject of several research reports. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Loop Capital dropped their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.89.

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.