LSV Asset Management trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,320 shares of the technology company’s stock after selling 7,700 shares during the quarter. LSV Asset Management owned approximately 0.53% of Super Micro Computer worth $5,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at about $493,000. Schwab Charles Investment Management Inc. increased its position in Super Micro Computer by 9.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 293,055 shares of the technology company’s stock worth $6,133,000 after buying an additional 25,270 shares during the period. Bank of Montreal Can increased its position in Super Micro Computer by 611.1% in the 4th quarter. Bank of Montreal Can now owns 8,704 shares of the technology company’s stock worth $183,000 after buying an additional 7,480 shares during the period. Royce & Associates LP grew its holdings in shares of Super Micro Computer by 68.5% during the 3rd quarter. Royce & Associates LP now owns 1,242,195 shares of the technology company’s stock worth $27,453,000 after purchasing an additional 504,903 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Super Micro Computer by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,468,926 shares of the technology company’s stock worth $76,663,000 after purchasing an additional 159,049 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 6th. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Maxim Group restated a “buy” rating and set a $45.00 target price on shares of Super Micro Computer in a research report on Friday, October 27th. Finally, Wells Fargo & Co initiated coverage on Super Micro Computer in a research report on Tuesday, November 14th. They set a “market perform” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $28.75.
Super Micro Computer, Inc. (SMCI) traded down $0.40 during midday trading on Tuesday, reaching $19.10. The company had a trading volume of 476,400 shares, compared to its average volume of 547,001. The company has a market capitalization of $930.04, a P/E ratio of 14.25, a PEG ratio of 0.99 and a beta of -0.15. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12. Super Micro Computer, Inc. has a fifty-two week low of $17.70 and a fifty-two week high of $27.90.
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Super Micro Computer 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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