US Bancorp DE Has $964,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

US Bancorp DE decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 24.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,314 shares of the company’s stock after selling 764 shares during the quarter. US Bancorp DE’s holdings in Super Micro Computer were worth $964,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares during the period. GQG Partners LLC bought a new position in Super Micro Computer during the 1st quarter worth $1,325,466,000. 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 buying an additional 915,058 shares during the period. Dimensional Fund Advisors LP increased its position in Super Micro Computer by 0.6% during the 2nd 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 during the period. Finally, Swiss National Bank increased its position in Super Micro Computer by 1.1% during the 1st quarter. Swiss National Bank now owns 150,600 shares of the company’s stock worth $152,111,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. Needham & Company LLC initiated coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Mizuho initiated coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Wells Fargo & Company decreased their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Finally, Susquehanna raised their price target on Super Micro Computer from $28.50 to $32.50 and gave the stock a “negative” rating in a research report on Monday, July 15th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $24.52 on Friday. The stock’s 50-day simple moving average is $42.34 and its 200 day simple moving average is $65.07. The firm has a market capitalization of $13.71 billion, a PE ratio of 12.39 and a beta of 1.28. 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 $20.20 and a twelve month high of $122.90.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 142.9% compared to the same quarter last year. On average, analysts anticipate that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

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.