Cibc World Market Inc. lowered its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 178,088 shares of the company’s stock after selling 17,545 shares during the quarter. Cibc World Market Inc.’s holdings in Super Micro Computer were worth $8,538,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Clear Street LLC acquired a new position in Super Micro Computer during the 2nd quarter worth about $158,724,000. Norges Bank acquired a new stake in Super Micro Computer in the 2nd quarter valued at about $150,395,000. Marshall Wace LLP raised its stake in shares of Super Micro Computer by 596.4% in the second quarter. Marshall Wace LLP now owns 3,437,714 shares of the company’s stock worth $168,482,000 after acquiring an additional 2,944,049 shares during the last quarter. Invesco Ltd. raised its stake in shares of Super Micro Computer by 31.6% in the second quarter. Invesco Ltd. now owns 8,639,784 shares of the company’s stock worth $423,436,000 after acquiring an additional 2,073,978 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 2.7% during the second quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company’s stock worth $3,242,156,000 after purchasing an additional 1,745,179 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.
Super Micro Computer Stock Up 0.4%
Shares of SMCI stock opened at $30.54 on Friday. The firm has a fifty day moving average of $31.17 and a 200-day moving average of $40.39. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. Super Micro Computer, Inc. has a 12-month low of $27.60 and a 12-month high of $66.44. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 0.59 and a beta of 1.53.
Analyst Ratings Changes
SMCI has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Barclays set a $38.00 price objective on Super Micro Computer and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Rosenblatt Securities restated a “buy” rating and set a $55.00 target price on shares of Super Micro Computer in a research report on Monday, February 2nd. Needham & Company LLC reduced their target price on shares of Super Micro Computer from $51.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, Wedbush lowered their price target on shares of Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $43.43.
View Our Latest Analysis on SMCI
About Super Micro Computer
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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