Cibc World Market Inc. lowered its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,088 shares of the company’s stock after selling 17,545 shares during the period. Cibc World Market Inc.’s holdings in Super Micro Computer were worth $8,538,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Super Micro Computer by 16.1% during the 2nd quarter. Blue Trust Inc. now owns 1,557 shares of the company’s stock worth $76,000 after buying an additional 216 shares during the last quarter. Securian Asset Management Inc. increased its position in shares of Super Micro Computer by 0.9% in the second quarter. Securian Asset Management Inc. now owns 26,834 shares of the company’s stock valued at $1,315,000 after acquiring an additional 246 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Super Micro Computer by 1.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,374 shares of the company’s stock worth $929,000 after acquiring an additional 266 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in Super Micro Computer by 68.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company’s stock valued at $31,000 after purchasing an additional 269 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Super Micro Computer by 0.5% in the second quarter. Mutual of America Capital Management LLC now owns 58,852 shares of the company’s stock valued at $2,884,000 after purchasing an additional 297 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.
Super Micro Computer Price Performance
NASDAQ:SMCI opened at $30.54 on Friday. The company has a market cap of $18.29 billion, a P/E ratio of 22.79, a P/E/G ratio of 0.59 and a beta of 1.53. The firm’s fifty day moving average price is $31.17 and its two-hundred day moving average price is $40.39. Super Micro Computer, Inc. has a one year low of $27.60 and a one year high of $66.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 1.01.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on SMCI shares. JPMorgan Chase & Co. dropped their price objective on Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Zacks Research raised shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Northland Securities set a $63.00 price objective on shares of Super Micro Computer in a research report on Wednesday, November 5th. Finally, Citigroup lowered their price objective on shares of Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average price target of $43.43.
Check Out Our Latest Report on SMCI
About Super Micro Computer
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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