First Horizon Advisors Inc. Raises Stock Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

First Horizon Advisors Inc. boosted its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 606.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,469 shares of the company’s stock after buying an additional 1,261 shares during the period. First Horizon Advisors Inc.’s holdings in Super Micro Computer were worth $45,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arkadios Wealth Advisors purchased a new stake in Super Micro Computer during the third quarter worth about $289,000. Wealth Enhancement Advisory Services LLC increased its stake in Super Micro Computer by 45.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,097 shares during the period. State of Alaska Department of Revenue increased its stake in Super Micro Computer by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock worth $2,445,000 after purchasing an additional 395 shares during the period. J.W. Cole Advisors Inc. increased its stake in Super Micro Computer by 82.0% during the third quarter. J.W. Cole Advisors Inc. now owns 968 shares of the company’s stock worth $403,000 after purchasing an additional 436 shares during the period. Finally, abrdn plc increased its stake in Super Micro Computer by 337.6% during the third quarter. abrdn plc now owns 18,865 shares of the company’s stock worth $7,880,000 after purchasing an additional 14,554 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Northland Securities reiterated an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Barclays initiated coverage on shares of Super Micro Computer in a research note on Thursday. They set an “equal weight” rating and a $59.00 price target on the stock. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group upped their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.87.

Super Micro Computer Stock Performance

Shares of SMCI opened at $42.95 on Friday. The stock has a 50 day moving average price of $36.44 and a 200 day moving average price of $39.67. 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 has a market capitalization of $25.15 billion, a price-to-earnings ratio of 21.56 and a beta of 1.30. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90.

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.