Capital Advisors Inc. OK Acquires Stake in Super Micro Computer, Inc.

Capital Advisors Inc. OK has made a significant investment by purchasing a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter of the year. This information is based on the company's recent filing (13F) with the Securities and Exchange Commission. The institutional investor acquired 33,800 shares of Super Micro Computer, amounting to an approximate value of $1,030,000.

Institutional Investors' Activity

Additionally, other institutional investors have been active in the Super Micro Computer stock recently. Notably, Rakuten Securities Inc. increased its holdings in the company by a substantial 391.8% in the third quarter. This institution now holds 76,660 shares valued at approximately $31,921,000, following an acquisition of 61,071 additional shares.

Another investor, Assetmark Inc., also boosted its stake in Super Micro Computer by 164.8% during the same third-quarter period, now owning 150,333 shares valued at $62,599,000 after acquiring an additional 93,569 shares.

Clear Creek Financial Management LLC entered the scene by purchasing an entirely new stake in Super Micro Computer, valued at around $635,000 in the fourth quarter. Meanwhile, Nepsis Inc. also bought a new stake in the same quarter, valued at approximately $13,625,000. Furthermore, Sanctuary Advisors LLC raised its stake by 254.7% during the third quarter, owning a total of 30,634 shares worth $12,756,000 after adding 21,997 shares.

Overall, institutional investors now hold about 84.06% of Super Micro Computer's stock.

Stock Performance Overview

The trading performance of Super Micro Computer has shown volatility, with shares recently opening at $38.61. The company recorded a one-year low of $17.25 and a high of $122.90. Financial metrics indicate a debt-to-equity ratio of 0.32, a current ratio of 3.77, and a quick ratio of 1.93. The firm's average trading metrics include a 50-day simple moving average of $33.53 and a 200-day simple moving average of $40.52. The company currently boasts a market capitalization of $22.61 billion, a price-to-earnings (P/E) ratio of 19.38, and a beta of 1.30.

Analyst Ratings and Future Price Targets

Super Micro Computer has also come under the scrutiny of analysts, reflected in various research reports recently published. The Goldman Sachs Group announced a reduction in their price target for the company from $67.50 to $28.00 while maintaining a 'neutral' rating on the stock. Simultaneously, JPMorgan Chase & Co. changed their rating from 'neutral' to 'underweight' and adjusted their target from $50.00 to $23.00.

Further downgrades included Argus revising their rating from 'buy' to 'hold.' However, Cfra took a more optimistic note by upgrading their rating from 'hold' to 'buy,' setting a new price target of $48.00. Additionally, Loop Capital raised their target from $35.00 to $40.00, giving it a 'buy' rating.

The consensus among analysts is mixed, with three assessing the stock as a sell, ten recommending a hold, five rating it as a buy, and one issuing a strong buy recommendation. As per the latest data, the average target price for Super Micro Computer’s stock stands at $63.07.

Company Background

Super Micro Computer, Inc. specializes in developing and manufacturing high-performance server and storage solutions. Operating globally, the company offers a diverse range of products, which includes complete server systems, modular blade servers, workstations, racks, networking devices, and server management software, among other solutions.

Investment, Stock, Analysis