Super Micro Computer, Inc. (NASDAQ:SMCI) Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 7.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,201 shares of the company’s stock after selling 508 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Super Micro Computer were worth $2,582,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its stake in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer in the second quarter valued at $42,000. Finally, First PREMIER Bank boosted its stake in Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after buying an additional 29 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $33.15 on Friday. The company has a 50 day simple moving average of $38.23 and a 200-day simple moving average of $60.81. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The firm has a market capitalization of $18.54 billion, a price-to-earnings ratio of 16.66 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SMCI shares. Loop Capital cut their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. The Goldman Sachs Group cut their target price on shares of 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. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Cfra reiterated a “hold” rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company decreased their target price on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently 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.