Portolan Capital Management LLC lessened its position in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) 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
Check Out Our Latest Research Report on SMCI
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.
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