Rockline Wealth Management LLC Makes New $366,000 Investment in Super Micro Computer, Inc. (NASDAQ:SMCI)

Rockline Wealth Management LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the company’s stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC increased its stake in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Nepsis Inc. purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $13,625,000. Annex Advisory Services LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $6,708,000. Diversify Advisory Services LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $5,113,000. Finally, abrdn plc increased its position in shares of Super Micro Computer by 825.5% during the fourth quarter. abrdn plc now owns 174,602 shares of the company’s stock worth $5,316,000 after purchasing an additional 155,737 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Trading Down 5.9 %

Shares of Super Micro Computer stock opened at $26.85 on Tuesday. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 13.48 and a beta of 1.31. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company’s 50-day simple moving average is $33.68 and its 200-day simple moving average is $42.25. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

SMCI has been the topic of a number of research reports. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group lowered their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Loop Capital upped their price target on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three investment 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 company. According to MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $62.89.

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.