Zurcher Kantonalbank Zurich Cantonalbank Has $6.38 Million Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 18.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,315 shares of the company’s stock after buying an additional 2,403 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Super Micro Computer were worth $6,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Byrne Asset Management LLC increased its position in Super Micro Computer by 10.4% during the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after acquiring an additional 14 shares during the period. Versant Capital Management Inc increased its holdings in shares of Super Micro Computer by 30.0% during the second quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after purchasing an additional 15 shares during the period. Fielder Capital Group LLC raised its position in shares of Super Micro Computer by 2.8% in the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after buying an additional 16 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after buying an additional 18 shares during the period. Finally, Burns Matteson Capital Management LLC boosted its stake in shares of Super Micro Computer by 8.1% in the second quarter. Burns Matteson Capital Management LLC now owns 253 shares of the company’s stock valued at $207,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $32.64 on Monday. The stock’s 50-day moving average is $37.30 and its 200-day moving average is $59.06. The stock has a market cap of $18.26 billion, a P/E ratio of 16.40 and a beta of 1.28. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SMCI. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Cfra reaffirmed a “hold” rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Needham & Company LLC began coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Loop Capital reduced their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $66.89.

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.