TrinityPoint Wealth LLC Has $490,000 Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

TrinityPoint Wealth LLC lowered its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 35.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,177 shares of the company’s stock after selling 653 shares during the period. TrinityPoint Wealth LLC’s holdings in Super Micro Computer were worth $490,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Super Micro Computer during the 1st quarter worth $98,000. Edgestream Partners L.P. acquired a new position in shares of Super Micro Computer in the first quarter valued at about $424,000. Bessemer Group Inc. increased its position in Super Micro Computer by 944.7% during the first quarter. Bessemer Group Inc. now owns 397 shares of the company’s stock worth $401,000 after acquiring an additional 359 shares during the period. Lake Street Advisors Group LLC acquired a new stake in Super Micro Computer in the 1st quarter worth about $1,286,000. Finally, Natixis bought a new stake in Super Micro Computer in the 1st quarter valued at about $21,462,000. 84.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. Wedbush reaffirmed a “neutral” rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Cfra reaffirmed a “hold” rating and issued a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. The Goldman Sachs Group reduced their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $109.00 to $70.00 in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Up 15.9 %

Shares of SMCI stock opened at $21.54 on Tuesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The stock’s fifty day simple moving average is $39.32 and its 200 day simple moving average is $62.09. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $12.05 billion, a P/E ratio of 10.81 and a beta of 1.28.

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.