Super Micro Computer, Inc. (SMCI) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 30.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 115,645 shares of the technology company’s stock after selling 51,429 shares during the quarter. Bank of America Corp DE owned about 0.24% of Super Micro Computer worth $2,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Super Micro Computer during the 1st quarter valued at about $200,000. Piedmont Investment Advisors LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $210,000. Nisa Investment Advisors LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $284,000. Dupont Capital Management Corp bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $613,000. Finally, Price Capital Management Inc. bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $671,000. Institutional investors own 84.11% of the company’s stock.

SMCI stock opened at $12.37 on Wednesday. Super Micro Computer, Inc. has a twelve month low of $8.50 and a twelve month high of $27.15.

A number of equities research analysts have issued reports on SMCI shares. Maxim Group downgraded Super Micro Computer from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Friday, October 5th. BidaskClub cut Super Micro Computer from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, August 29th. DA Davidson lowered their price objective on Super Micro Computer to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 22nd. Finally, TheStreet cut Super Micro Computer from a “b-” rating to a “c+” rating in a research report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $25.75.

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About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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