OVERSEA CHINESE BANKING Corp Ltd Has $828,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

OVERSEA CHINESE BANKING Corp Ltd grew its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 128.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,026 shares of the company’s stock after purchasing an additional 1,138 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Super Micro Computer were worth $828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SMCI. Farmers & Merchants Investments Inc. lifted its stake in shares of Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares during the period. Moser Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. grew 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 worth $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Super Micro Computer during the second quarter valued at approximately $42,000. Finally, First PREMIER Bank raised its stake in shares of Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 6.3 %

Shares of NASDAQ:SMCI opened at $20.33 on Thursday. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90. The firm has a market cap of $11.37 billion, a P/E ratio of 10.37 and a beta of 1.28. 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 company’s 50-day moving average price is $41.08 and its two-hundred day moving average price is $63.89.

Wall Street Analysts Forecast Growth

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