Simmons Bank Has $205,000 Stake in Super Micro Computer, Inc. (NASDAQ:SMCI)

Simmons Bank cut its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 82.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 493 shares of the company’s stock after selling 2,280 shares during the quarter. Simmons Bank’s holdings in Super Micro Computer were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Chase Investment Counsel Corp raised its stake in shares of Super Micro Computer by 231.7% in the third quarter. Chase Investment Counsel Corp now owns 2,690 shares of the company’s stock worth $1,120,000 after acquiring an additional 1,879 shares during the last quarter. RPG Investment Advisory LLC lifted its holdings in Super Micro Computer by 58.1% during the 3rd quarter. RPG Investment Advisory LLC now owns 22,466 shares of the company’s stock worth $9,355,000 after buying an additional 8,260 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Super Micro Computer by 128.2% during the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock worth $17,756,000 after acquiring an additional 23,959 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Super Micro Computer by 12.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 124,652 shares of the company’s stock valued at $51,905,000 after acquiring an additional 13,936 shares during the period. Finally, Rakuten Securities Inc. increased its position in Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Down 11.4 %

NASDAQ:SMCI opened at $18.01 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a twelve month low of $17.36 and a twelve month high of $122.90. The company has a market cap of $10.07 billion, a P/E ratio of 9.04 and a beta of 1.28. The business has a 50 day moving average price of $40.61 and a two-hundred day moving average price of $63.43.

Wall Street Analyst Weigh In

SMCI has been the subject of several analyst reports. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target for the company. Mizuho initiated coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Cfra reissued a “hold” rating and issued a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $109.00 to $70.00 in a research report on Wednesday, August 7th. Three investment 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 MarketBeat.com, the stock presently has a consensus 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.