Nomura Asset Management Co. Ltd. Cuts Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Nomura Asset Management Co. Ltd. decreased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 53.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,544 shares of the company’s stock after selling 20,480 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Super Micro Computer were worth $7,305,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SMCI. Rakuten Securities Inc. grew its holdings in shares of Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after buying an additional 61,071 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. Royal London Asset Management Ltd. raised its holdings in shares of Super Micro Computer by 279.8% during the third quarter. Royal London Asset Management Ltd. now owns 29,483 shares of the company’s stock valued at $12,277,000 after purchasing an additional 21,721 shares during the last quarter. Finally, World Investment Advisors LLC lifted its position in Super Micro Computer by 13,210.5% during the third quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 0.9 %

Shares of SMCI stock opened at $37.93 on Friday. The stock’s 50-day moving average price is $36.89 and its 200-day moving average price is $56.23. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 19.04 and a beta of 1.29. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research analyst reports. Barclays lowered their price target 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. Loop Capital cut their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three equities research 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’s stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus 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.