Oppenheimer & Co. Inc. grew its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 375,779 shares of the technology company’s stock after buying an additional 23,200 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Super Micro Computer were worth $7,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Super Micro Computer by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock valued at $745,000 after buying an additional 118 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Super Micro Computer by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 155,441 shares of the technology company’s stock valued at $3,832,000 after buying an additional 521 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Super Micro Computer by 8.3% during the second quarter. Thrivent Financial For Lutherans now owns 22,990 shares of the technology company’s stock valued at $567,000 after buying an additional 1,770 shares during the last quarter. Alliancebernstein L.P. grew its stake in Super Micro Computer by 4.8% in the second quarter. Alliancebernstein L.P. now owns 50,464 shares of the technology company’s stock worth $1,244,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake 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 worth $151,000 after purchasing an additional 3,152 shares in the last quarter. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on SMCI. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 6th. Maxim Group increased their price objective on Super Micro Computer from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. BidaskClub cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Wells Fargo & Co began coverage on Super Micro Computer in a research note on Tuesday, November 14th. They issued a “market perform” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.75.

Super Micro Computer, Inc. (SMCI) opened at $18.85 on Friday. Super Micro Computer, Inc. has a 52 week low of $17.70 and a 52 week high of $27.90. The stock has a market capitalization of $917.86, a P/E ratio of 14.07, a P/E/G ratio of 0.97 and a beta of -0.15. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

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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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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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