Quintet Private Bank Europe S.A. Sells 952 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Quintet Private Bank Europe S.A. trimmed its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 74.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 322 shares of the company’s stock after selling 952 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Super Micro Computer were worth $134,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter valued at approximately $25,000. VitalStone Financial LLC lifted its holdings in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after purchasing an additional 25 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings 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 purchasing an additional 24 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 186.7% during the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after purchasing an additional 28 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a report on Thursday, August 8th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Finally, Loop Capital decreased their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.33.

Super Micro Computer Trading Down 0.1 %

Shares of Super Micro Computer stock opened at $26.03 on Tuesday. The company has a fifty day moving average of $43.93 and a 200 day moving average of $66.15. Super Micro Computer, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $122.90. The company has a market capitalization of $14.56 billion, a P/E ratio of 13.07 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.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 142.9% on a year-over-year basis. On average, sell-side analysts anticipate that Super Micro Computer, Inc. will post 2.85 earnings per share for the current fiscal year.

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.