Vestcor Inc Has $945,000 Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Vestcor Inc lessened its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 31.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,270 shares of the company’s stock after selling 1,045 shares during the quarter. Vestcor Inc’s holdings in Super Micro Computer were worth $945,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. lifted its stake in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the second quarter worth $25,000. Hazlett Burt & Watson Inc. boosted its holdings in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in Super Micro Computer during the second quarter worth $42,000. Finally, Resources Management Corp CT ADV grew its position in Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wedbush restated a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Mizuho started coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target for the company. The Goldman Sachs Group lowered their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $37.93 on Friday. The stock has a 50 day simple moving average of $36.89 and a 200 day simple moving average of $56.23. The stock has a market cap of $21.22 billion, a P/E ratio of 19.04 and a beta of 1.29. 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.

Super Micro Computer Company 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.