State Board of Administration of Florida Retirement System Reduces Holdings in Super Micro Computer, Inc. (SMCI)

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State Board of Administration of Florida Retirement System trimmed its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 18.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,498 shares of the technology company’s stock after selling 5,399 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Super Micro Computer were worth $579,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BB&T Securities LLC purchased a new position in Super Micro Computer in the first quarter worth about $175,000. GWM Advisors LLC purchased a new position in Super Micro Computer in the first quarter worth about $189,000. Victory Capital Management Inc. boosted its position in Super Micro Computer by 51.0% in the first quarter. Victory Capital Management Inc. now owns 11,266 shares of the technology company’s stock worth $192,000 after purchasing an additional 3,806 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Super Micro Computer in the first quarter worth about $200,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Super Micro Computer in the second quarter worth about $210,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SMCI opened at $20.45 on Wednesday. Super Micro Computer, Inc. has a 52 week low of $14.20 and a 52 week high of $27.15. The stock has a market capitalization of $797.59 million, a PE ratio of 15.26, a P/E/G ratio of 0.61 and a beta of 0.19.

Several research analysts have recently commented on the company. Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, August 29th. BidaskClub raised Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. TheStreet downgraded Super Micro Computer from a “b-” rating to a “c+” rating in a research note on Friday, August 17th. DA Davidson decreased their price objective on Super Micro Computer to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 22nd. Finally, ValuEngine downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.83.

Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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