Are hedge funds buying SMCI

Hedge funds have been actively buying and selling shares of Super Micro Computer, Inc. (SMCI). Here is the analysis: 1. **Hedge Fund Activity**: According to the data, hedge funds have decreased their holdings of SMCI by 240.5K shares in the last quarter. This indicates a slight selling pressure from hedge funds. 2. **Top Hedge Fund Holders**: The hedge funds that hold the most shares in SMCI are Richard Driehaus, Louis Moore Bacon, and Joel Greenblatt. These funds are among the top holders, suggesting that they have confidence in the company's prospects. 3. **Institutional Ownership**: Despite the selling by hedge funds, institutional ownership of SMCI remains high at 84.06%. This indicates strong interest from institutional investors, which could be a positive sign for the stock's performance. 4. **Market Sentiment**: The stock has been given a "Buy" rating by several analysts, with some setting targets as high as $1,500. This suggests that market sentiment towards SMCI is positive, which could be influenced by hedge fund activity. In conclusion, while hedge funds have sold a portion of their SMCI holdings, the overall institutional ownership remains strong. The positive analyst ratings and the significant institutional ownership indicate that SMCI is still favored by investors. However, the selling by hedge funds could be a cautionary sign for individual investors.