Pinnacle Associates Ltd. decreased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 29.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,720 shares of the technology company’s stock after selling 37,555 shares during the period. Pinnacle Associates Ltd. owned about 0.18% of Super Micro Computer worth $1,983,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Super Micro Computer by 86.1% during the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock worth $151,000 after purchasing an additional 3,152 shares during the period. Tiedemann Wealth Management LLC lifted its stake in Super Micro Computer by 29.7% during the third quarter. Tiedemann Wealth Management LLC now owns 32,975 shares of the technology company’s stock worth $161,000 after purchasing an additional 7,550 shares during the period. State of Alaska Department of Revenue lifted its stake in Super Micro Computer by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock worth $184,000 after purchasing an additional 3,311 shares during the period. Piedmont Investment Advisors LLC bought a new position in Super Micro Computer during the second quarter worth about $202,000. Finally, Aperio Group LLC lifted its stake in Super Micro Computer by 0.8% during the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 80.68% of the company’s stock.
Super Micro Computer, Inc. (SMCI) opened at $22.00 on Friday. Super Micro Computer, Inc. has a one year low of $17.70 and a one year high of $31.75. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1,073.68, a P/E ratio of 16.45, a PEG ratio of 1.29 and a beta of -0.07.
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Super Micro Computer Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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