Commonwealth Equity Services LLC reduced its stake in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 317,296 shares of the company’s stock after selling 45,368 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Super Micro Computer were worth $15,211,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SMCI. Anfield Capital Management LLC acquired a new stake in Super Micro Computer during the second quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the second quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new stake in Super Micro Computer during the third quarter worth $29,000. TD Private Client Wealth LLC grew its position in Super Micro Computer by 46.0% during the second quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock valued at $39,000 after buying an additional 252 shares during the period. Finally, Orion Capital Management LLC purchased a new position in Super Micro Computer in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 84.06% of the company’s stock.
Super Micro Computer Trading Up 0.9%
Shares of NASDAQ:SMCI opened at $30.16 on Friday. Super Micro Computer, Inc. has a 1 year low of $25.71 and a 1 year high of $66.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.39 and a quick ratio of 2.95. The stock’s fifty day moving average price is $33.76 and its 200-day moving average price is $43.69. The company has a market cap of $18.00 billion, a P/E ratio of 24.13, a PEG ratio of 0.63 and a beta of 1.54.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Sanford C. Bernstein lowered their price target on shares of Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Zacks Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research report on Monday, December 29th. Raymond James Financial lowered their price target on Super Micro Computer from $53.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Rosenblatt Securities lowered their price objective on shares of Super Micro Computer from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.50.
Get Our Latest Research Report on SMCI
Super Micro Computer Profile
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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