Simmons Bank Has $205,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Simmons Bank lowered its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 82.2% in the third quarter, HoldingsChannel reports. The firm owned 493 shares of the company’s stock after selling 2,280 shares during the period. Simmons Bank’s holdings in Super Micro Computer were worth $205,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased 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 acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the second quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its position in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer during the 2nd quarter worth about $42,000. Finally, First PREMIER Bank grew its stake in Super Micro Computer by 126.1% in 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 last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the subject of a number of research analyst reports. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, Cfra reissued a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 11.4 %

Shares of SMCI opened at $18.01 on Friday. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 9.04 and a beta of 1.28. Super Micro Computer, Inc. has a 52 week low of $17.36 and a 52 week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a fifty day moving average of $40.61 and a 200-day moving average of $63.43.

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.