Public Sector Pension Investment Board Sells 35,400 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Public Sector Pension Investment Board cut its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 94.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,888 shares of the company’s stock after selling 35,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Super Micro Computer were worth $786,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on SMCI. The Goldman Sachs Group decreased their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Mizuho initiated coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Wells Fargo & Company lowered their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Finally, Wedbush restated a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

SMCI stock opened at $43.93 on Friday. The firm has a 50-day simple moving average of $36.99 and a two-hundred day simple moving average of $57.79. 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 one year low of $17.25 and a one year high of $122.90. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29.

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.