Wilmington Savings Fund Society FSB Acquires New Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,582 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer during the 3rd quarter valued at about $87,000. Miller Wealth Advisors LLC bought a new stake in Super Micro Computer during the 3rd quarter valued at about $152,000. Wealth Effects LLC lifted its holdings in Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after buying an additional 245 shares in the last quarter. Archer Investment Corp lifted its holdings in Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after buying an additional 448 shares in the last quarter. Finally, TrueWealth Advisors LLC lifted its holdings in Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after buying an additional 295 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SMCI. Northland Securities restated an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday. Wedbush boosted their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Loop Capital boosted their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $60.20.

Super Micro Computer Stock Up 6.6 %

NASDAQ:SMCI opened at $42.28 on Friday. The company has a market cap of $24.76 billion, a PE ratio of 21.23 and a beta of 1.30. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $33.51 and its two-hundred day moving average is $40.31.

About Super Micro Computer

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.