Beck Capital Management LLC Cuts Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Beck Capital Management LLC decreased its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 16.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,440 shares of the company’s stock after selling 1,647 shares during the period. Beck Capital Management LLC’s holdings in Super Micro Computer were worth $3,514,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SMCI. Janus Henderson Group PLC lifted its holdings in Super Micro Computer by 52.0% during the first quarter. Janus Henderson Group PLC now owns 4,013 shares of the company’s stock worth $4,053,000 after acquiring an additional 1,373 shares during the period. Atria Investments Inc bought a new stake in shares of Super Micro Computer during the 1st quarter worth $1,007,000. Versant Capital Management Inc boosted its holdings in shares of Super Micro Computer by 30.0% in the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after buying an additional 15 shares during the last quarter. Burns Matteson Capital Management LLC grew its position in Super Micro Computer by 8.1% during the second quarter. Burns Matteson Capital Management LLC now owns 253 shares of the company’s stock valued at $207,000 after buying an additional 19 shares during the period. Finally, Mather Group LLC. purchased a new stake in Super Micro Computer during the second quarter worth about $122,000. Institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Loop Capital reduced their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Cfra reissued a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Needham & Company LLC initiated coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Finally, 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

NASDAQ SMCI opened at $32.64 on Monday. The company’s 50 day simple moving average is $37.30 and its two-hundred day simple moving average is $59.06. The stock has a market capitalization of $18.26 billion, a PE ratio of 16.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

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.