Super Micro Computer (OTCMKTS:SMCI) Share Price Crosses Above 200-Day Moving Average of $21.40

Shares of Super Micro Computer, Inc. (OTCMKTS:SMCI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.40 and traded as high as $28.71. Super Micro Computer shares last traded at $28.02, with a volume of 363,431 shares trading hands.

SMCI has been the subject of a number of recent research reports. Susquehanna Bancshares reissued a “positive” rating and set a $35.00 price objective on shares of Super Micro Computer in a research report on Tuesday, February 4th. TheStreet raised shares of Super Micro Computer from a “c+” rating to a “b” rating in a research report on Tuesday, January 14th. Finally, Maxim Group boosted their price objective on shares of Super Micro Computer from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, February 7th.

The firm’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $21.44.

A number of hedge funds have recently made changes to their positions in SMCI. Icon Advisers Inc. Co. purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $1,119,000. Snow Capital Management LP purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $7,282,000. Pzena Investment Management LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $45,275,000. Finally, Oaktree Capital Management LP purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $57,648,000. Institutional investors and hedge funds own 20.25% of the company’s stock.

About Super Micro Computer (OTCMKTS:SMCI)

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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