Portolan Capital Management LLC Has $7.13 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Portolan Capital Management LLC lessened its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 59.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,133 shares of the company’s stock after selling 25,306 shares during the period. Portolan Capital Management LLC’s holdings in Super Micro Computer were worth $7,134,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc purchased a new position in shares of Super Micro Computer during the first quarter valued at approximately $1,007,000. Mather Group LLC. purchased a new position in shares of Super Micro Computer during the second quarter valued at approximately $122,000. Fulton Bank N.A. lifted its holdings in Super Micro Computer by 4.7% during the second quarter. Fulton Bank N.A. now owns 425 shares of the company’s stock worth $348,000 after acquiring an additional 19 shares during the period. Park Avenue Securities LLC lifted its holdings in Super Micro Computer by 60.9% during the second quarter. Park Avenue Securities LLC now owns 1,099 shares of the company’s stock worth $900,000 after acquiring an additional 416 shares during the period. Finally, CWM LLC lifted its holdings in Super Micro Computer by 6.0% during the second quarter. CWM LLC now owns 2,483 shares of the company’s stock worth $2,034,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

SMCI opened at $40.21 on Wednesday. The stock has a 50-day moving average price of $37.23 and a 200-day moving average price of $58.69. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month 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. The stock has a market capitalization of $22.49 billion, a P/E ratio of 20.19 and a beta of 1.29.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 7th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their target price for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th. Barclays lowered their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC assumed coverage on Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.89.

About Super Micro Computer

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.