Beck Capital Management LLC Sells 1,647 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Beck Capital Management LLC trimmed its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 16.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,440 shares of the company’s stock after selling 1,647 shares during the period. Beck Capital Management LLC’s holdings in Super Micro Computer were worth $3,514,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Byrne Asset Management LLC lifted its stake in shares of Super Micro Computer by 10.4% in the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after acquiring an additional 14 shares during the period. Versant Capital Management Inc raised its holdings in Super Micro Computer by 30.0% during the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after purchasing an additional 15 shares during the last quarter. Fielder Capital Group LLC lifted its position in shares of Super Micro Computer by 2.8% in the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock worth $475,000 after purchasing an additional 16 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after purchasing an additional 18 shares during the last quarter. Finally, Burns Matteson Capital Management LLC increased its position in shares of Super Micro Computer by 8.1% during the second quarter. Burns Matteson Capital Management LLC now owns 253 shares of the company’s stock worth $207,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $32.64 on Monday. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 16.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm’s 50-day simple moving average is $37.30 and its 200 day simple moving average is $59.06.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SMCI shares. Barclays dropped their target price on shares of 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. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Mizuho started coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. Cfra reissued a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Company 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.