Pinnacle Associates Ltd. Has $1.98 Million Holdings in Super Micro Computer, Inc. (SMCI)

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.

A number of research analysts have commented on SMCI shares. Zacks Investment Research upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Stifel Nicolaus set a $30.00 target price on shares of Super Micro Computer and gave the company a “hold” rating in a research note on Tuesday, August 15th. KeyCorp reiterated a “hold” rating on shares of Super Micro Computer in a research note on Friday, September 1st. DA Davidson cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $27.00 in a research note on Monday, September 18th. Finally, Citigroup cut their target price on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.13.

ILLEGAL ACTIVITY WARNING: “Pinnacle Associates Ltd. Has $1.98 Million Holdings in Super Micro Computer, Inc. (SMCI)” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2017/12/03/pinnacle-associates-ltd-has-1-98-million-holdings-in-super-micro-computer-inc-smci.html.

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.

Want to see what other hedge funds are holding SMCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Super Micro Computer, Inc. (NASDAQ:SMCI).

Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

What are top analysts saying about Super Micro Computer Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Super Micro Computer Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit