Wells Fargo & Company MN cut its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 29.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,322 shares of the technology company’s stock after selling 34,145 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of Super Micro Computer worth $1,797,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Tieton Capital Management LLC grew its position in shares of Super Micro Computer by 36.7% during the third quarter. Tieton Capital Management LLC now owns 228,815 shares of the technology company’s stock worth $5,057,000 after buying an additional 61,440 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Super Micro Computer by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 209,705 shares of the technology company’s stock valued at $4,592,000 after purchasing an additional 153,284 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Super Micro Computer by 3.8% in the third quarter. Oppenheimer & Co. Inc. now owns 352,579 shares of the technology company’s stock valued at $7,791,000 after purchasing an additional 12,858 shares in the last quarter. Icon Advisers Inc. Co. acquired a new position in Super Micro Computer in the third quarter valued at approximately $933,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Super Micro Computer in the third quarter valued at approximately $222,000. 80.50% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, September 21st. Maxim Group reaffirmed a “buy” rating and issued a $45.00 price target on shares of Super Micro Computer in a report on Friday, October 27th. Wells Fargo & Co assumed coverage on Super Micro Computer in a report on Tuesday, November 14th. They issued a “market perform” rating and a $20.00 price target for the company. Finally, TheStreet downgraded Super Micro Computer from a “b-” rating to a “c” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $28.13.
Super Micro Computer, Inc. (NASDAQ SMCI) opened at $21.50 on Friday. The stock has a market capitalization of $1,054.20, a P/E ratio of 16.04, a P/E/G ratio of 1.26 and a beta of -0.05. Super Micro Computer, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $31.75. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.
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Super Micro Computer Company Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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