Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Position Reduced by Toronto Dominion Bank

Toronto Dominion Bank decreased its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 47.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,420 shares of the company’s stock after selling 17,826 shares during the quarter. Toronto Dominion Bank’s holdings in Super Micro Computer were worth $8,086,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. raised its holdings in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at approximately $42,000. Finally, Resources Management Corp CT ADV increased its holdings 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 worth $49,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $36.45 on Friday. The firm’s 50-day moving average is $36.79 and its 200-day moving average is $55.87. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 18.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90.

Wall Street Analysts Forecast Growth

Several research firms have commented on SMCI. Barclays decreased their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Mizuho assumed coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target for the company. Needham & Company LLC started coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report 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 has a consensus rating of “Hold” and an average price target 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.