Tyler Stone Wealth Management Invests $931,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Tyler Stone Wealth Management acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,540 shares of the company’s stock, valued at approximately $931,000.

A number of other hedge funds have also bought and sold shares of SMCI. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Super Micro Computer by 968.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after purchasing an additional 2,616,757 shares in the last quarter. State Street Corp grew its stake in Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares during the period. Finally, Swiss National Bank lifted its stake in Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after buying an additional 1,332,400 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Down 2.6 %

Shares of NASDAQ:SMCI opened at $40.64 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $110.61. The company has a market capitalization of $24.12 billion, a PE ratio of 20.40 and a beta of 1.21. The business has a fifty day moving average price of $39.07 and a two-hundred day moving average price of $37.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent analyst reports. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $35.00 to $45.00 in a research note on Friday, March 21st. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $40.00 to $32.00 in a research report on Monday. StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.00.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

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.