Arizona State Retirement System boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 223.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,835 shares of the technology company’s stock after purchasing an additional 44,085 shares during the period. Arizona State Retirement System owned about 0.13% of Super Micro Computer worth $1,336,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Super Micro Computer by 86.1% in the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock valued at $151,000 after purchasing an additional 3,152 shares during the last quarter. Bank of Montreal Can boosted its holdings in Super Micro Computer by 611.1% in the fourth quarter. Bank of Montreal Can now owns 8,704 shares of the technology company’s stock valued at $183,000 after purchasing an additional 7,480 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Super Micro Computer in the third quarter valued at about $222,000. Teacher Retirement System of Texas purchased a new position in Super Micro Computer in the fourth quarter valued at about $280,000. Finally, SG Americas Securities LLC purchased a new position in Super Micro Computer in the third quarter valued at about $303,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on SMCI. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Zacks Investment Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a report on Thursday, December 28th. Finally, Maxim Group upped their price objective on Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $28.14.
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Super Micro Computer Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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