Goldman Sachs Group Inc. Purchases 34,316 Shares of Super Micro Computer (SMCI)

Goldman Sachs Group Inc. grew its position in shares of Super Micro Computer (NASDAQ:SMCI) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 268,204 shares of the technology company’s stock after buying an additional 34,316 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Super Micro Computer were worth $5,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Guggenheim Capital LLC bought a new position in Super Micro Computer during the 4th quarter worth $6,544,000. Deutsche Bank AG increased its position in Super Micro Computer by 5.9% during the 4th quarter. Deutsche Bank AG now owns 648,756 shares of the technology company’s stock worth $13,574,000 after buying an additional 35,869 shares during the period. Jefferies Group LLC bought a new position in Super Micro Computer during the 4th quarter worth $444,000. Needham Investment Management LLC increased its position in Super Micro Computer by 1.1% during the 4th quarter. Needham Investment Management LLC now owns 658,450 shares of the technology company’s stock worth $13,778,000 after buying an additional 7,400 shares during the period. Finally, Snow Capital Management LP increased its position in Super Micro Computer by 33.6% during the 4th quarter. Snow Capital Management LP now owns 312,085 shares of the technology company’s stock worth $6,530,000 after buying an additional 78,535 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

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Shares of NASDAQ SMCI opened at $16.55 on Friday. Super Micro Computer has a 52 week low of $16.10 and a 52 week high of $27.90. The firm has a market capitalization of $815.61, a P/E ratio of 12.35, a P/E/G ratio of 0.86 and a beta of 0.17.

SMCI has been the topic of several recent research reports. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Maxim Group raised their price target on Super Micro Computer from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Super Micro Computer currently has an average rating of “Hold” and an average target price of $28.14.

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Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as 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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