Edmp Inc. Buys 37,094 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Edmp Inc. raised its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 851.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,450 shares of the company’s stock after purchasing an additional 37,094 shares during the period. Edmp Inc.’s holdings in Super Micro Computer were worth $1,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after buying an additional 1,192,366 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Super Micro Computer by 63,634.1% in 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 during the period. Nepsis Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $13,625,000. Annex Advisory Services LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $6,708,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $5,113,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI opened at $42.65 on Tuesday. The company has a fifty day simple moving average of $33.56 and a 200 day simple moving average of $40.74. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $24.97 billion, a P/E ratio of 21.41 and a beta of 1.30. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group decreased their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.07.

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.