M&T Bank Corp Raises Stock Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

M&T Bank Corp raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 142.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,681 shares of the company’s stock after purchasing an additional 1,576 shares during the quarter. M&T Bank Corp’s holdings in Super Micro Computer were worth $1,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Main Management ETF Advisors LLC acquired a new position in Super Micro Computer in the third quarter valued at approximately $646,000. World Investment Advisors LLC lifted its stake in shares of Super Micro Computer by 13,210.5% in the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Super Micro Computer during the 3rd quarter worth $2,485,000. Kovitz Investment Group Partners LLC increased its position in shares of Super Micro Computer by 22.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 5,230 shares of the company’s stock worth $2,105,000 after purchasing an additional 972 shares during the last quarter. Finally, Wahed Invest LLC purchased a new stake in Super Micro Computer in the 3rd quarter valued at about $5,001,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMCI. Cfra reiterated a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Mizuho started coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. Barclays decreased their price target 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. Wells Fargo & Company dropped their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Finally, Wedbush reissued a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three 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 data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 3.9 %

Shares of Super Micro Computer stock opened at $36.45 on Monday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a market capitalization of $20.39 billion, a P/E ratio of 18.30 and a beta of 1.29. The company has a 50 day moving average of $36.79 and a 200 day moving average of $55.65.

Super Micro Computer Profile

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.