Apollon Wealth Management LLC acquired a new position in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 30,502 shares of the company’s stock, valued at approximately $695,000.
Several other institutional investors have also made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd grew its position in Super Micro Computer by 210.8% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 49,806 shares of the company’s stock worth $1,498,000 after acquiring an additional 33,782 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Super Micro Computer by 54.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,789 shares of the company’s stock valued at $3,155,000 after acquiring an additional 38,098 shares during the last quarter. Generali Asset Management SPA SGR raised its holdings in Super Micro Computer by 235.2% during the 4th quarter. Generali Asset Management SPA SGR now owns 70,389 shares of the company’s stock worth $2,060,000 after purchasing an additional 49,389 shares during the last quarter. Peterson Wealth Management bought a new stake in Super Micro Computer during the 3rd quarter worth about $993,000. Finally, Strs Ohio lifted its position in Super Micro Computer by 41.9% during the 4th quarter. Strs Ohio now owns 237,299 shares of the company’s stock valued at $6,946,000 after purchasing an additional 70,021 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Super Micro Computer Stock Performance
Shares of Super Micro Computer stock opened at $27.22 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.29. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 0.34 and a beta of 1.94. The stock’s 50-day moving average is $33.64 and its 200-day moving average is $30.84. Super Micro Computer, Inc. has a one year low of $19.48 and a one year high of $62.36.
More Super Micro Computer News
Here are the key news stories impacting Super Micro Computer this week:
- Positive Sentiment: Super Micro said it is cooperating with authorities and told customers it is not the target of the Taiwan investigation, an effort to contain reputational damage and reassure buyers of its AI server products. Super Micro’s Comments on Chip Smuggling Inquiry Lift the Stock
- Positive Sentiment: Super Micro continues to benefit from AI infrastructure demand, and a new partnership with StorMagic to deliver virtualized edge infrastructure solutions adds another potential growth avenue. StorMagic, Supermicro (SMCI) Partner to Deliver Virtualized Edge Infrastructure Solutions
- Neutral Sentiment: News flow also highlighted Super Micro’s role in broader AI infrastructure investing themes, which may help keep the stock in focus, but does not change the immediate legal overhang. SMRs Spark a Chain Reaction for Nano Nuclear (SMCI)
- Negative Sentiment: The biggest drag remains the Taiwan export-control probe, where prosecutors are investigating alleged illegal shipments of AI servers containing Nvidia chips to China; that uncertainty is weighing on sentiment. Super Micro says two Taiwan staff detained in probe involving its AI servers
- Negative Sentiment: Market commentary suggests investors are not fully convinced by the company’s reassurance, and the stock has been described as falling even after management addressed the probe concerns. Super Micro stock falls even after letter addresses Taiwan probe concerns
Wall Street Analysts Forecast Growth
SMCI has been the topic of a number of recent research reports. Argus reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Friday, March 20th. Wolfe Research began coverage on shares of Super Micro Computer in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price target on Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Mizuho lifted their price objective on Super Micro Computer from $36.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.57.
Read Our Latest Stock Report on SMCI
Super Micro Computer Company Profile
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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