Nomura Asset Management Co. Ltd. Sells 20,480 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Nomura Asset Management Co. Ltd. cut its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 53.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,544 shares of the company's stock after selling 20,480 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Super Micro Computer were worth $7,305,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SMCI. Byrne Asset Management LLC boosted its stake in shares of Super Micro Computer by 10.4% during the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company's stock worth $132,000 after acquiring an additional 14 shares during the period. Fielder Capital Group LLC boosted its holdings in shares of Super Micro Computer by 2.8% during the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company's stock worth $475,000 after buying an additional 16 shares during the period. Kathmere Capital Management LLC grew its stake in Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock valued at $311,000 after buying an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Super Micro Computer by 0.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company's stock valued at $3,541,000 after acquiring an additional 19 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Super Micro Computer by 10.6% during the second quarter. First Horizon Advisors Inc. now owns 219 shares of the company's stock worth $179,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on SMCI shares. Wedbush reissued a "neutral" rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. 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. Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Finally, Cfra reaffirmed a "hold" rating and set a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Trading Down 3.9 %

SMCI stock traded down $1.48 during midday trading on Friday, hitting $36.45. The stock had a trading volume of 61,662,262 shares, compared to its average volume of 83,829,242. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $36.89 and a two-hundred day moving average price of $56.23. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The firm has a market cap of $20.39 billion, a P/E ratio of 18.10 and a beta of 1.29.

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.