31,304 Shares in Super Micro Computer, Inc. (NASDAQ:SMCI) Purchased by Hartford Investment Management Co.

Hartford Investment Management Co. purchased a new position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,304 shares of the company's stock, valued at approximately $954,000.

Other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont increased its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $34,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Super Micro Computer in the fourth quarter worth approximately $42,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

SMCI traded up $5.42 during trading on Tuesday, hitting $53.33. The stock had a trading volume of 109,824,026 shares, compared to its average volume of 56,810,676. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $31.23 billion, a P/E ratio of 26.83 and a beta of 1.30. The company's 50-day moving average price is $33.66 and its 200 day moving average price is $39.82. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SMCI shares. Northland Securities restated an "outperform" rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. 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 note on Tuesday, February 11th. Wedbush lifted their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Company 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.