Legacy Bridge LLC Decreases Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Legacy Bridge LLC trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 63.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,292 shares of the company’s stock after selling 2,270 shares during the quarter. Legacy Bridge LLC’s holdings in Super Micro Computer were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Farmers & Merchants Investments Inc. boosted 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 during the period. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its stake in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying 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 worth approximately $42,000. Finally, First PREMIER Bank raised its holdings in shares of Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after buying an additional 29 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

SMCI stock opened at $21.54 on Tuesday. 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 $12.05 billion, a price-to-earnings ratio of 10.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a 50-day simple moving average of $39.32 and a two-hundred day simple moving average of $62.09.

Wall Street Analyst Weigh In

Several brokerages have commented on SMCI. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Mizuho initiated coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. 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 report on Wednesday, August 28th. Needham & Company LLC started coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Three 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.com, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Company 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.