Wellington Management Group LLP Reduces Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wellington Management Group LLP reduced its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 86.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,608 shares of the company’s stock after selling 43,703 shares during the quarter. Wellington Management Group LLP’s holdings in Super Micro Computer were worth $2,752,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SMCI. Rakuten Securities Inc. lifted its stake in shares of Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Super Micro Computer by 164.8% during the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares during the period. Bridgewater Associates LP grew its holdings 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 purchasing an additional 145,327 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Super Micro Computer by 279.8% in the third quarter. Royal London Asset Management Ltd. now owns 29,483 shares of the company’s stock worth $12,277,000 after purchasing an additional 21,721 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Super Micro Computer by 128.2% in the 3rd quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock worth $17,756,000 after buying an additional 23,959 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SMCI shares. Mizuho initiated coverage on shares of 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. Barclays reduced their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Needham & Company LLC assumed coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Loop Capital decreased their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three 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, the stock has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $33.80 on Wednesday. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The business’s fifty day simple moving average is $36.27 and its 200-day simple moving average is $54.95. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $18.91 billion, a PE ratio of 16.98 and a beta of 1.29.

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.