Hartford Investment Management Co. Acquires Shares of 31,304 Super Micro Computer, Inc. (NASDAQ:SMCI)

Hartford Investment Management Co. bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 31,304 shares of the company’s stock, valued at approximately $954,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer in the third quarter worth about $87,000. Wealth Effects LLC increased its stake in shares of Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after purchasing an additional 245 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares during the period. TrueWealth Advisors LLC lifted its stake in Super Micro Computer by 99.0% in the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after purchasing an additional 295 shares during the last quarter. Finally, Miller Wealth Advisors LLC bought a new position in Super Micro Computer during the third quarter valued at $152,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 13.3 %

SMCI stock opened at $47.91 on Friday. The company’s 50 day moving average is $33.59 and its 200 day moving average is $40.37. The stock has a market cap of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SMCI shares. Northland Securities restated an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Wedbush upped their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Cfra raised shares of 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. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Loop Capital boosted their target price on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.20.

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.