Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 94.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,888 shares of the company’s stock after selling 35,400 shares during the period. Public Sector Pension Investment Board’s holdings in Super Micro Computer were worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SMCI. Farmers & Merchants Investments Inc. increased its position in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. raised its stake in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer during the second quarter worth about $42,000. Finally, First PREMIER Bank boosted its position in Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SMCI. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Loop Capital lowered their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Barclays cut their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho started coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Up 6.8 %

SMCI stock opened at $43.93 on Friday. The stock has a market capitalization of $24.57 billion, a P/E ratio of 22.05 and a beta of 1.29. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The firm has a 50-day simple moving average of $36.99 and a 200-day simple moving average of $57.79. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer Company Profile

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.