Top 5 Stock Picks of Eli Samaha’s Madison Avenue Partners

3. Super Micro Computer, Inc. (NASDAQ:SMCI)

Stake Value of Madison Avenue Partners: $60,860,000

Percentage of Madison Avenue Partners 13F Portfolio: 13.48%

Number of Hedge Fund Holders: 21

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high-performance server and storage solutions based on modular and open architecture. For the fiscal first quarter of 2022, Super Micro Computer, Inc. (NASDAQ:SMCI) reported earnings per share of $0.58, beating EPS estimates by $0.20. The company also generated revenues of $1.03 billion, up 35.48% year over year, and beat revenue estimates by $87.61 million. The company was incorporated in 1993 and is headquartered in San Jose, California.

Ananda Baruah, an analyst at Loop Capital, reiterated a Buy rating on the shares of Super Micro Computer Inc. (NASDAQ:SMCI) and raised the price target from $50 to $60 this November. Moreover, the share price for the stock has grown by 16.28% over the past six months, and 34.56% year to date.

Madison Avenue Partners is one of the 21 hedge funds that have stakes in Super Micro Computer Inc. (NASDAQ:SMCI) by the end of the third quarter of 2021. The total value of these funds’ stakes is more than $358.8 million. This is compared to 20 positions in the second quarter, with stakes of $373.6 million.