Super Micro Computer, Inc. (NASDAQ:SMCI) Stake Lessened by Toronto Dominion Bank

Toronto Dominion Bank decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 47.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,420 shares of the company's stock after selling 17,826 shares during the quarter. Toronto Dominion Bank's holdings in Super Micro Computer were worth $8,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company's stock worth $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. grew its position in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company's stock worth $34,000 after purchasing an additional 24 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in Super Micro Computer in the 2nd quarter valued at about $42,000. Finally, Resources Management Corp CT ADV increased its holdings in shares of Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock valued at $49,000 after purchasing an additional 30 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SMCI shares. Wedbush reiterated a "neutral" rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. The Goldman Sachs Group cut their price target 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. Mizuho initiated coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a "neutral" rating and a $45.00 target price on the stock. Loop Capital decreased their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. Finally, Cfra restated a "hold" rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Stock Down 3.9 %

Shares of NASDAQ SMCI traded down $1.48 on Friday, hitting $36.45. The company had a trading volume of 64,847,350 shares, compared to its average volume of 116,233,240. The firm has a market capitalization of $20.39 billion, a P/E ratio of 18.30 and a beta of 1.29. The business has a 50 day moving average of $36.79 and a two-hundred day moving average of $55.65. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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.