Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Caprock Group LLC

Caprock Group LLC trimmed its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 60.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 749 shares of the company’s stock after selling 1,141 shares during the period. Caprock Group LLC’s holdings in Super Micro Computer were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Super Micro Computer by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Super Micro Computer by 1,169.5% during the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after purchasing an additional 124,062 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after purchasing an additional 110,308 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Up 11.6 %

Shares of NASDAQ SMCI opened at $33.15 on Friday. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of 16.66 and a beta of 1.28. 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, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The business’s 50 day moving average is $38.23 and its two-hundred day moving average is $60.81.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent research reports. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Mizuho initiated coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective on the stock. Wells Fargo & Company decreased their price objective on 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 issued 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 assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average 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.