Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 34.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,174 shares of the company’s stock after acquiring an additional 2,335 shares during the period. PNC Financial Services Group Inc.’s holdings in Super Micro Computer were worth $3,820,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SMCI. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Super Micro Computer in the 3rd quarter valued at about $548,000. FWG Holdings LLC bought a new stake in Super Micro Computer in the 3rd quarter valued at about $1,791,000. Prospera Financial Services Inc lifted its position in Super Micro Computer by 41.4% in the 3rd quarter. Prospera Financial Services Inc now owns 3,031 shares of the company’s stock valued at $1,262,000 after purchasing an additional 888 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Super Micro Computer by 440.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 19,760 shares of the company’s stock valued at $8,228,000 after purchasing an additional 16,105 shares during the last quarter. Finally, Accent Capital Management LLC bought a new stake in Super Micro Computer in the 3rd quarter valued at about $363,000. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $33.15 on Monday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a market cap of $18.54 billion, a PE ratio of 16.66 and a beta of 1.28. The company’s 50-day moving average is $38.23 and its two-hundred day moving average is $60.66.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SMCI. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Needham & Company LLC began 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, Barclays dropped 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus 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.