Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 12.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,793 shares of the company’s stock after selling 1,299 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Super Micro Computer were worth $3,661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rakuten Securities Inc. grew its stake in Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares in the last quarter. Assetmark Inc. grew its position in shares of Super Micro Computer by 164.8% during the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after buying an additional 93,569 shares in the last quarter. Bridgewater Associates LP increased its stake in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after buying an additional 145,327 shares during the period. Victory Capital Management Inc. raised its holdings in Super Micro Computer by 128.2% in the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock valued at $17,756,000 after acquiring an additional 23,959 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Super Micro Computer by 440.6% in the third quarter. Thrivent Financial for Lutherans now owns 19,760 shares of the company’s stock worth $8,228,000 after acquiring an additional 16,105 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of analyst reports. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Cfra reaffirmed a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Mizuho initiated coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 4.3 %

Shares of NASDAQ:SMCI opened at $40.21 on Wednesday. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $37.23 and its 200-day simple moving average is $58.69. The company has a market cap of $22.49 billion, a price-to-earnings ratio of 20.19 and a beta of 1.29.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.