Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 82.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,532 shares of the company's stock after selling 197,758 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Super Micro Computer were worth $18,127,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Super Micro Computer by 18.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,315 shares of the company's stock worth $6,377,000 after purchasing an additional 2,403 shares in the last quarter. De Lisle Partners LLP bought a new stake in shares of Super Micro Computer during the 3rd quarter valued at $1,249,000. Blueshift Asset Management LLC lifted its position in shares of Super Micro Computer by 363.5% in the third quarter. Blueshift Asset Management LLC now owns 2,109 shares of the company's stock valued at $878,000 after acquiring an additional 1,654 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. Finally, Townsquare Capital LLC grew its position in shares of Super Micro Computer by 66.5% during the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock worth $544,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Up 6.8 %

Shares of NASDAQ:SMCI traded up $2.79 on Friday, hitting $43.93. 102,142,266 shares of the company's stock were exchanged, compared to its average volume of 112,925,800. The stock has a market capitalization of $24.57 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business's 50 day simple moving average is $36.99 and its two-hundred day simple moving average is $57.79.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SMCI. Wells Fargo & Company dropped their price target on Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating for the company in a research note on Wednesday, August 28th. Mizuho assumed coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a "neutral" rating and a $45.00 target price for the company. StockNews.com downgraded shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Barclays dropped their price objective on shares of 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. Finally, Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.