BluePath Capital Management LLC Increases Stake in Super Micro Computer, Inc.

BluePath Capital Management LLC has significantly increased its investment in Super Micro Computer, Inc. (NASDAQ:SMCI) during the last quarter of the year, reporting a remarkable increase of 2,415.8%. According to its latest filing with the Securities and Exchange Commission (SEC), BluePath now holds a total of 27,875 shares in the company, gaining an additional 26,767 shares during this period. As of the most recent reporting, BluePath's holdings in Super Micro Computer are valued at approximately $866,000.

In addition to BluePath's actions, several other large investors have also adjusted their positions in Super Micro Computer. For instance, Salem Investment Counselors Inc. acquired a new stake worth about $30,000, while Kieckhefer Group LLC invested approximately $43,000 in the company. Clean Yield Group has also purchased a stake valued at around $46,000 in the same quarter. Furthermore, Resources Management Corp CT ADV increased its holdings by 100% in the second quarter, owning 60 shares after acquiring 30 more shares. Rise Advisors LLC also bolstered its holdings significantly, increasing its stake by 909.5%, resulting in ownership of 1,696 shares after purchasing 1,528 additional shares. It is reported that 84.06% of Super Micro Computer's stock is owned by hedge funds and institutional investors.

Equities Analysts’ Opinions on SMCI

Recent evaluations from various equities research analysts indicate a mix of perspectives on Super Micro Computer's stock. Wedbush has reiterated a "neutral" rating with a price target reduced to $32.00, down from the previous $62.00. Loop Capital adjusted its target price from $150.00 to $100.00 while maintaining a "buy" rating for the stock. In another downward adjustment, Argus reclassified the stock from a "buy" rating to a "hold" rating. JPMorgan Chase & Co. further lowered their evaluation, shifting from a "neutral" to an "underweight" rating, cutting their price target from $50.00 to $23.00. Meanwhile, Barclays has set its price objective at $42.00, following a sharp decline from $438.00, while maintaining an "equal weight" status on the stock. Overall, analysts have provided a consensus rating of "Hold" for the stock, with a target price averaging around $66.89.

Stock Performance of Super Micro Computer

As for the stock performance, SMCI shares opened at $30.99 on Thursday. The company is exhibiting strong liquidity with a current ratio of 3.77 and a quick ratio of 1.93. Its debt-to-equity ratio stands at 0.32. Over the last 50 days, the stock's average price was recorded at $32.18, and over the past 200 days, it averaged $47.77. The total market capitalization of Super Micro Computer, Inc. is noted at approximately $17.33 billion, with a price-to-earnings ratio of 15.56 and a beta of 1.31. The stock has experienced a 12-month low of $17.25 and a 12-month high of $122.90.

About Super Micro Computer

Super Micro Computer, Inc. is a global leader in developing and manufacturing high-performance server and storage solutions. The company operates in various regions, including the United States, Europe, and Asia. Its product offerings include complete server systems, modular blade servers, workstations, and networking devices, as well as server management and security software.

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