Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC raised its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 296.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,213 shares of the company’s stock after buying an additional 11,371 shares during the quarter. Verition Fund Management LLC’s holdings in Super Micro Computer were worth $6,335,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in shares of Super Micro Computer by 132.2% during the third quarter. Captrust Financial Advisors now owns 18,905 shares of the company’s stock worth $7,872,000 after purchasing an additional 10,763 shares during the period. Providence Wealth Advisors LLC grew its position in shares of Super Micro Computer by 900.0% during the 3rd quarter. Providence Wealth Advisors LLC now owns 6,810 shares of the company’s stock valued at $2,836,000 after buying an additional 6,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Super Micro Computer by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company’s stock valued at $6,377,000 after buying an additional 2,403 shares during the last quarter. De Lisle Partners LLP acquired a new stake in Super Micro Computer during the third quarter worth about $1,249,000. Finally, Blueshift Asset Management LLC lifted its holdings in Super Micro Computer by 363.5% in the third quarter. Blueshift Asset Management LLC now owns 2,109 shares of the company’s stock worth $878,000 after acquiring an additional 1,654 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of several recent research reports. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Cfra restated a “hold” rating and set a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Needham & Company LLC started coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Up 28.7 %

SMCI stock opened at $42.00 on Tuesday. The firm’s 50-day moving average is $37.30 and its two-hundred day moving average is $59.06. The company has a market capitalization of $23.49 billion, a price-to-earnings ratio of 21.11 and a beta of 1.28. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. 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 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.