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.
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