Sheaff Brock Investment Advisors LLC Sells 1,057 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Sheaff Brock Investment Advisors LLC cut its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 55.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 854 shares of the company’s stock after selling 1,057 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Super Micro Computer were worth $356,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SMCI. Assetmark Inc. increased its holdings in Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after buying an additional 93,569 shares during the period. Rakuten Securities Inc. increased its stake in Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares during the period. Acadian Asset Management LLC acquired a new position in Super Micro Computer in the first quarter worth about $98,000. Vanguard Group Inc. lifted its stake in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Super Micro Computer by 24.8% during the second quarter. SG Americas Securities LLC now owns 15,432 shares of the company’s stock valued at $12,644,000 after purchasing an additional 3,064 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMCI has been the subject of a number of recent research reports. Barclays dropped their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Wedbush reiterated a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Mizuho initiated coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective on the stock. Loop Capital decreased their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Up 3.2 %

SMCI opened at $18.58 on Friday. The firm’s fifty day moving average is $39.66 and its two-hundred day moving average is $62.80. The firm has a market cap of $10.39 billion, a PE ratio of 9.34 and a beta of 1.28. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. 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 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.