Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Cut by Moors & Cabot Inc.

Moors & Cabot Inc. cut its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 46.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,341 shares of the company’s stock after selling 2,043 shares during the quarter. Moors & Cabot Inc.’s holdings in Super Micro Computer were worth $975,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. grew its stake in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in Super Micro Computer during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. raised its stake in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the period. AlphaCentric Advisors LLC purchased a new stake in shares of Super Micro Computer in the second quarter valued at $42,000. Finally, First PREMIER Bank boosted its position in Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the topic of several research reports. Mizuho started coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective on the stock. Needham & Company LLC assumed coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target for the company. Wells Fargo & Company dropped their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Barclays cut their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $29.37 on Friday. The company has a market capitalization of $16.42 billion, a P/E ratio of 14.74 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The stock has a 50 day moving average of $38.45 and a two-hundred day moving average of $61.16.

Super Micro Computer Company Profile

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.