Wellington Management Group LLP Sells 43,703 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Wellington Management Group LLP trimmed its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 86.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,608 shares of the company's stock after selling 43,703 shares during the period. Wellington Management Group LLP's holdings in Super Micro Computer were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SMCI. International Assets Investment Management LLC grew its stake in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock worth $381,629,000 after buying an additional 915,058 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Super Micro Computer by 921.1% during the 3rd 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 in the last quarter. Van ECK Associates Corp increased its stake in Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company's stock valued at $56,077,000 after acquiring an additional 124,062 shares during the last quarter. American Century Companies Inc. raised its position in Super Micro Computer by 511.9% during the second quarter. American Century Companies Inc. now owns 131,855 shares of the company's stock valued at $108,035,000 after purchasing an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Super Micro Computer by 1,730.3% during the third quarter. Inspire Investing LLC now owns 107,421 shares of the company's stock worth $44,730,000 after purchasing an additional 101,552 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Cfra reiterated a "hold" rating and issued a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Mizuho started coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $45.00 target price on the stock. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Finally, 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 research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and an average price target of $66.89.

Super Micro Computer Trading Down 4.6 %

Shares of NASDAQ SMCI traded down $1.57 during trading on Wednesday, reaching $32.23. The company had a trading volume of 47,753,883 shares, compared to its average volume of 83,522,570. The stock has a market cap of $18.03 billion, a P/E ratio of 16.18 and a beta of 1.29. The company's fifty day moving average price is $35.97 and its 200-day moving average price is $54.62. 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, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90.

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.