Nisa Investment Advisors LLC Purchases New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nisa Investment Advisors LLC acquired a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 65,976 shares of the company's stock, valued at approximately $2,011,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP increased its holdings in Super Micro Computer by 5,850.0% in the second quarter. Quarry LP now owns 119 shares of the company's stock worth $98,000 after buying an additional 117 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer in the third quarter worth approximately $87,000. Daymark Wealth Partners LLC increased its stake in shares of Super Micro Computer by 50.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 301 shares of the company's stock worth $247,000 after purchasing an additional 101 shares during the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of Super Micro Computer during the 2nd quarter valued at $269,000. Finally, Anchor Investment Management LLC lifted its stake in shares of Super Micro Computer by 13.7% in the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock valued at $265,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Stock Performance

SMCI traded down $4.27 on Monday, hitting $29.00. 59,635,172 shares of the stock traded hands, compared to its average volume of 33,603,543. The business has a fifty day moving average price of $33.98 and a two-hundred day moving average price of $44.36. 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 52 week low of $17.25 and a 52 week high of $122.90. The firm has a market capitalization of $16.22 billion, a PE ratio of 14.56 and a beta of 1.31.

Analyst Ratings Changes

Several equities analysts have weighed in on SMCI shares. The Goldman Sachs Group cut 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. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Wedbush reiterated a "neutral" rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Barclays decreased their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.89.

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.