Robeco Institutional Asset Management B.V. Decreases Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Robeco Institutional Asset Management B.V. cut its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 64.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,563 shares of the company’s stock after selling 13,645 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Super Micro Computer were worth $3,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. boosted its holdings in shares of 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 purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of 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 purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at approximately $42,000. Finally, First PREMIER Bank raised its position in shares of Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after buying an additional 29 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $24.52 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $41.93 and a two-hundred day simple moving average of $64.79. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 12.31 and a beta of 1.28. Super Micro Computer, Inc. has a 52 week low of $20.20 and a 52 week high of $122.90.

Analysts Set New Price Targets

SMCI has been the topic of several analyst reports. Susquehanna lifted their price target on shares of Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a research report on Monday, July 15th. Wedbush reaffirmed a “neutral” rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Barclays reduced their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target on the stock. Three 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, the stock presently has an average rating of “Hold” and an average target price of $66.89.

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.