Yousif Capital Management LLC Boosts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Yousif Capital Management LLC raised its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 833.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 71,231 shares of the company’s stock after buying an additional 63,596 shares during the period. Yousif Capital Management LLC’s holdings in Super Micro Computer were worth $2,171,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SMCI. International Assets Investment Management LLC boosted its stake 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. Nepsis Inc. purchased a new position in Super Micro Computer during the fourth quarter worth approximately $13,625,000. Annex Advisory Services LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $6,708,000. Diversify Advisory Services LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $5,113,000. Finally, abrdn plc lifted its position in shares of Super Micro Computer by 825.5% during the 4th quarter. abrdn plc now owns 174,602 shares of the company’s stock valued at $5,316,000 after buying an additional 155,737 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SMCI shares. Wedbush reaffirmed a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. The Goldman Sachs Group decreased 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. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital lifted their price target on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Trading Up 17.6 %

Shares of NASDAQ SMCI opened at $42.65 on Tuesday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.97 billion, a PE ratio of 21.41 and a beta of 1.30. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The stock has a fifty day simple moving average of $33.56 and a 200-day simple moving average of $40.74.

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.