Legacy Bridge LLC Reduces Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Legacy Bridge LLC reduced its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 63.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,292 shares of the company’s stock after selling 2,270 shares during the quarter. Legacy Bridge LLC’s holdings in Super Micro Computer were worth $538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invst LLC lifted its stake in shares of Super Micro Computer by 4.3% during the first quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after buying an additional 14 shares during the period. Byrne Asset Management LLC lifted its position in Super Micro Computer by 10.4% during the 2nd 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 grew its stake in Super Micro Computer by 30.0% during the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock valued at $53,000 after purchasing an additional 15 shares during the last quarter. Fielder Capital Group LLC increased its holdings in shares of Super Micro Computer by 2.8% in the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after purchasing an additional 16 shares during the period. Finally, Kathmere Capital Management LLC raised its stake in shares of Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after purchasing an additional 18 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 15.9 %

Super Micro Computer stock opened at $21.54 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $12.05 billion, a PE ratio of 10.81 and a beta of 1.28. The business has a 50 day simple moving average of $39.32 and a 200-day simple moving average of $62.09. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SMCI shares. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. Barclays cut their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Rosenblatt Securities restated a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 7th. Cfra reaffirmed a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Finally, The Goldman Sachs Group reduced their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Three 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.