Providence Wealth Advisors LLC Boosts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Providence Wealth Advisors LLC boosted its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 900.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,810 shares of the company’s stock after purchasing an additional 6,129 shares during the period. Super Micro Computer comprises 2.1% of Providence Wealth Advisors LLC’s holdings, making the stock its 13th largest position. Providence Wealth Advisors LLC’s holdings in Super Micro Computer were worth $2,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Super Micro Computer by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company’s stock valued at $6,377,000 after buying an additional 2,403 shares during the last quarter. De Lisle Partners LLP purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at $1,249,000. Blueshift Asset Management LLC lifted its position in shares of Super Micro Computer by 363.5% during the 3rd quarter. Blueshift Asset Management LLC now owns 2,109 shares of the company’s stock valued at $878,000 after buying an additional 1,654 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after buying an additional 145,327 shares during the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after buying an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $35.07 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.62 billion, a PE ratio of 17.61 and a beta of 1.28. The business’s 50-day moving average price is $37.70 and its 200-day moving average price is $59.71. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SMCI. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company decreased their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Finally, Loop Capital decreased their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer 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.