Nations Financial Group Inc. IA ADV Has $206,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

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

A number of other hedge funds also recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. increased its holdings in 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 buying an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. lifted its position in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. AlphaCentric Advisors LLC acquired a new position in shares of Super Micro Computer during the 2nd quarter valued at $42,000. Finally, First PREMIER Bank raised its holdings in Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $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.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $18.01 on Friday. The stock has a market cap of $10.07 billion, a PE ratio of 9.45 and a beta of 1.28. Super Micro Computer, Inc. has a 12 month low of $17.36 and a 12 month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $40.61 and a 200-day simple moving average of $63.43.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. Cfra reissued a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, Loop Capital reduced their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.