BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Cuts Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,793 shares of the company’s stock after selling 1,299 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Super Micro Computer were worth $3,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farmers & Merchants Investments Inc. increased its stake in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer in the second quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its stake in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. AlphaCentric Advisors LLC purchased a new stake in shares of Super Micro Computer in the 2nd quarter worth about $42,000. Finally, First PREMIER Bank grew its stake in Super Micro Computer by 126.1% in the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after acquiring an additional 29 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on SMCI shares. Cfra reaffirmed a “hold” rating and issued a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Wedbush reiterated a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Needham & Company LLC initiated coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Loop Capital reduced their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Three investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $40.21 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a 50 day moving average price of $37.23 and a 200 day moving average price of $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.