Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV trimmed its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 75.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 494 shares of the company’s stock after selling 1,499 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Super Micro Computer were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Super Micro Computer in the 1st quarter valued at about $98,000. Vanguard Group Inc. grew its stake in Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares during the last quarter. SG Americas Securities LLC grew its stake in Super Micro Computer by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,432 shares of the company’s stock valued at $12,644,000 after acquiring an additional 3,064 shares during the last quarter. Finally, SlateStone Wealth LLC acquired a new stake in Super Micro Computer in the 2nd quarter valued at about $683,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $18.01 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 9.45 and a beta of 1.28. Super Micro Computer, Inc. has a 1-year low of $17.36 and a 1-year high of $122.90. The firm’s 50-day moving average price is $40.61 and its two-hundred day moving average price is $63.43.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their target price for the company from $109.00 to $70.00 in a report on Wednesday, August 7th. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price on the stock. The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Finally, Cfra reiterated a “hold” rating and set a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $66.89.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.