Bridgewater Associates LP Purchases 145,327 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Bridgewater Associates LP increased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 921.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,104 shares of the company’s stock after acquiring an additional 145,327 shares during the quarter. Bridgewater Associates LP’s holdings in Super Micro Computer were worth $67,084,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Assetmark Inc. boosted its position in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares during the period. Rakuten Securities Inc. boosted its position in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares during the period. Victory Capital Management Inc. lifted its position in Super Micro Computer by 128.2% during the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock valued at $17,756,000 after purchasing an additional 23,959 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Super Micro Computer during the first quarter valued at approximately $98,000. Finally, Thrivent Financial for Lutherans lifted its position in Super Micro Computer by 440.6% during the third quarter. Thrivent Financial for Lutherans now owns 19,760 shares of the company’s stock valued at $8,228,000 after purchasing an additional 16,105 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SMCI shares. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the company from $109.00 to $70.00 in a research report on Wednesday, August 7th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $34.43 on Wednesday. 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 cap of $19.26 billion, a P/E ratio of 17.28 and a beta of 1.28. The business’s 50 day moving average price is $37.87 and its 200-day moving average price is $60.03. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

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.