MML Investors Services LLC Sells 3,006 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

MML Investors Services LLC lowered its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 19.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,498 shares of the company’s stock after selling 3,006 shares during the quarter. MML Investors Services LLC’s holdings in Super Micro Computer were worth $5,204,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its holdings 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 valued at $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted 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 acquiring an additional 24 shares during the period. AlphaCentric Advisors LLC acquired a new position in shares of Super Micro Computer during the 2nd quarter worth approximately $42,000. Finally, Resources Management Corp CT ADV raised its stake in Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Down 0.9 %

NASDAQ SMCI opened at $37.93 on Friday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The business’s fifty day moving average is $36.89 and its 200 day moving average is $56.23. 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 company has a market cap of $21.22 billion, a price-to-earnings ratio of 19.04 and a beta of 1.29.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research analyst reports. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Mizuho began 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 target on the stock. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital reduced their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Wells Fargo & Company cut their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.89.

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.