Inspire Investing LLC Lowers Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Inspire Investing LLC reduced its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 41.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,531 shares of the company’s stock after selling 44,890 shares during the quarter. Inspire Investing LLC’s holdings in Super Micro Computer were worth $1,906,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SMCI. International Assets Investment Management LLC increased its holdings in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after buying an additional 915,058 shares in the last quarter. Annex Advisory Services LLC acquired a new position in Super Micro Computer during the fourth quarter worth $6,708,000. Diversify Advisory Services LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $5,113,000. Bridgewater Associates LP lifted its stake in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after buying an additional 145,327 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of 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 in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SMCI. Barclays dropped their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. The Goldman Sachs Group dropped their price objective on shares of 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. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI opened at $33.86 on Thursday. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 17.00 and a beta of 1.31. 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 52-week low of $17.25 and a 52-week high of $122.90. The stock has a 50 day moving average price of $33.22 and a 200 day moving average price of $45.58.

Super Micro Computer 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.