Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 41.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 62,531 shares of the company’s stock after selling 44,890 shares during the period. Inspire Investing LLC’s holdings in Super Micro Computer were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SMCI. Resources Management Corp CT ADV raised its position in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares during the last quarter. Clear Point Advisors Inc. grew its holdings in shares of Super Micro Computer by 471.4% during the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock worth $66,000 after buying an additional 66 shares in the last quarter. Quarry LP raised its position in shares of Super Micro Computer by 5,850.0% in the second quarter. Quarry LP now owns 119 shares of the company’s stock valued at $98,000 after buying an additional 117 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Super Micro Computer during the third quarter valued at approximately $87,000. Finally, Daymark Wealth Partners LLC boosted its position in Super Micro Computer by 50.5% during the second quarter. Daymark Wealth Partners LLC now owns 301 shares of the company’s stock worth $247,000 after acquiring an additional 101 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $33.86 on Thursday. 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 stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 17.00 and a beta of 1.31. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90. The company’s 50-day simple moving average is $33.22 and its 200-day simple moving average is $45.58.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Wedbush reissued a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price 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.