Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Commerce Bank

Commerce Bank lessened its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 67.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 983 shares of the company’s stock after selling 2,083 shares during the quarter. Commerce Bank’s holdings in Super Micro Computer were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SMCI. International Assets Investment Management LLC increased its position in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after buying an additional 2,011 shares in the last quarter. Assetmark Inc. raised its position in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after buying an additional 93,569 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after buying an additional 124,062 shares during the period. Finally, American Century Companies Inc. boosted its position in Super Micro Computer by 511.9% during the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after acquiring an additional 110,308 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $34.43 on Wednesday. The firm’s fifty day simple moving average is $37.87 and its 200 day simple moving average is $60.03. 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 twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market capitalization of $19.26 billion, a price-to-earnings ratio of 17.28 and a beta of 1.28.

Analysts Set New Price Targets

A number of brokerages have weighed in on SMCI. The Goldman Sachs Group reduced their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Wedbush restated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital cut their price objective 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. Finally, Cfra restated a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.89.

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.