Emerald Advisers LLC Acquires 683 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Emerald Advisers LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 77.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,562 shares of the company’s stock after purchasing an additional 683 shares during the period. Emerald Advisers LLC’s holdings in Super Micro Computer were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Norden Group LLC purchased a new stake in Super Micro Computer during the 1st quarter valued at $985,000. Private Advisor Group LLC increased its holdings in Super Micro Computer by 47.4% during the 1st quarter. Private Advisor Group LLC now owns 3,860 shares of the company’s stock valued at $3,899,000 after purchasing an additional 1,241 shares during the period. Diversify Advisory Services LLC bought a new position in Super Micro Computer during the 1st quarter valued at approximately $326,000. Sequoia Financial Advisors LLC purchased a new stake in Super Micro Computer in the 1st quarter worth approximately $283,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Super Micro Computer by 6.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,279 shares of the company’s stock worth $10,382,000 after buying an additional 620 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SMCI. Loop Capital decreased their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Finally, Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $71.33.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $27.70 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $23.90 and a 1 year high of $122.90. The firm’s 50-day moving average is $43.93 and its 200 day moving average is $66.15. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 13.91 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s quarterly revenue was up 142.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

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.