State of Tennessee Treasury Department trimmed its holdings in shares of Super Micro Computer (NASDAQ:SMCI) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,056 shares of the technology company’s stock after selling 3,163 shares during the period. State of Tennessee Treasury Department owned 0.06% of Super Micro Computer worth $608,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Super Micro Computer by 86.1% during the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock worth $151,000 after purchasing an additional 3,152 shares during the period. Bank of Montreal Can raised its holdings in shares of Super Micro Computer by 611.1% during the fourth quarter. Bank of Montreal Can now owns 8,704 shares of the technology company’s stock worth $183,000 after purchasing an additional 7,480 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Super Micro Computer during the third quarter worth $222,000. Teacher Retirement System of Texas acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $280,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Super Micro Computer during the third quarter worth $303,000. 80.63% of the stock is currently owned by institutional investors.
Shares of Super Micro Computer (NASDAQ:SMCI) opened at $19.70 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.34 and a quick ratio of 1.15. Super Micro Computer has a twelve month low of $17.55 and a twelve month high of $27.90. The firm has a market cap of $956.82, a PE ratio of 14.66, a P/E/G ratio of 1.01 and a beta of 0.09.
A number of research firms recently weighed in on SMCI. BidaskClub raised shares of Super Micro Computer from a “strong sell” rating to a “sell” rating in a report on Thursday, March 8th. Zacks Investment Research raised shares of Super Micro Computer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, February 6th. Finally, Maxim Group increased their price objective on shares of Super Micro Computer from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.14.
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About Super Micro Computer
Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.
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