Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 20.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 242,102 shares of the technology company’s stock after selling 60,373 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.50% of Super Micro Computer worth $5,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Super Micro Computer during the third quarter worth approximately $303,000. Quantbot Technologies LP purchased a new position in Super Micro Computer during the third quarter worth approximately $363,000. Russell Investments Group Ltd. boosted its position in Super Micro Computer by 72.2% during the third quarter. Russell Investments Group Ltd. now owns 210,924 shares of the technology company’s stock worth $4,661,000 after purchasing an additional 88,421 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Super Micro Computer by 60.3% during the third quarter. Municipal Employees Retirement System of Michigan now owns 14,250 shares of the technology company’s stock worth $315,000 after purchasing an additional 5,360 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Super Micro Computer by 18.0% during the third quarter. New York State Common Retirement Fund now owns 48,832 shares of the technology company’s stock valued at $1,079,000 after acquiring an additional 7,432 shares during the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.

Super Micro Computer, Inc. (SMCI) opened at $21.50 on Friday. The stock has a market capitalization of $1,056.64, a price-to-earnings 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.

A number of brokerages have commented on SMCI. DA Davidson cut Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $27.00 in a report on Monday, September 18th. Zacks Investment Research cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. TheStreet cut Super Micro Computer from a “b-” rating to a “c” rating in a report on Tuesday, October 10th. BidaskClub raised Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Maxim Group reissued a “buy” rating and set a $45.00 target price on shares of Super Micro Computer in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $28.13.

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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.

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

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