Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 62.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 577 shares of the company’s stock after selling 944 shares during the period. Kingsview Wealth Management LLC’s holdings in Super Micro Computer were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its stake in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in Super Micro Computer during the second quarter worth $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 acquiring an additional 24 shares during the last quarter. AlphaCentric Advisors LLC purchased 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 shares of 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 acquiring an additional 29 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Stock Down 6.9 %

Shares of Super Micro Computer stock opened at $32.64 on Friday. The company has a fifty day moving average price of $37.30 and a 200 day moving average price of $59.35. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 16.39 and a beta of 1.28.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital decreased their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their target price on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target 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.