B. Riley Wealth Advisors Inc. bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,860 shares of the company’s stock, valued at approximately $1,169,000.
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company’s stock valued at $3,242,156,000 after buying an additional 1,745,179 shares during the period. Geode Capital Management LLC lifted its holdings in Super Micro Computer by 2.7% in the second quarter. Geode Capital Management LLC now owns 13,752,581 shares of the company’s stock valued at $671,316,000 after acquiring an additional 364,411 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in Super Micro Computer by 16.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after purchasing an additional 1,381,046 shares in the last quarter. Invesco Ltd. boosted its position in Super Micro Computer by 31.6% in the 2nd quarter. Invesco Ltd. now owns 8,639,784 shares of the company’s stock worth $423,436,000 after purchasing an additional 2,073,978 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Super Micro Computer by 5.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,971,739 shares of the company’s stock worth $194,655,000 after purchasing an additional 200,109 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer Stock Down 3.0%
Shares of SMCI opened at $31.37 on Tuesday. The stock has a fifty day simple moving average of $42.45 and a two-hundred day simple moving average of $45.37. The company has a quick ratio of 2.95, a current ratio of 5.39 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $18.73 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.66 and a beta of 1.53. Super Micro Computer, Inc. has a 52-week low of $25.71 and a 52-week high of $66.44.
Analysts Set New Price Targets
A number of research analysts have weighed in on SMCI shares. Sanford C. Bernstein decreased their price objective on shares of Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Wedbush dropped their price objective on Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Argus set a $64.00 target price on Super Micro Computer in a research note on Thursday, November 6th. Northland Securities set a $63.00 price target on shares of Super Micro Computer in a research note on Wednesday, November 5th. Finally, Needham & Company LLC cut their price target on shares of Super Micro Computer from $60.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.38.
Read Our Latest Research Report on SMCI
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.
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