Wealthspire Advisors LLC Purchases Shares of 23,759 Super Micro Computer, Inc. (NASDAQ:SMCI)

Wealthspire Advisors LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,759 shares of the company’s stock, valued at approximately $724,000.

Several other hedge funds also recently bought and sold shares of SMCI. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Super Micro Computer in the third quarter valued at about $87,000. Retirement Systems of Alabama lifted its holdings in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. TrueWealth Advisors LLC lifted its holdings in Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares in the last quarter. Miller Wealth Advisors LLC bought a new position in Super Micro Computer in the 3rd quarter worth approximately $152,000. Finally, State of Alaska Department of Revenue grew its holdings in Super Micro Computer by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock valued at $2,445,000 after buying an additional 395 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 11.8 %

SMCI stock opened at $45.54 on Wednesday. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $122.90. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 22.86 and a beta of 1.30. 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 firm’s fifty day simple moving average is $35.82 and its two-hundred day simple moving average is $39.65.

Analysts Set New Price Targets

Several research firms have recently commented on SMCI. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.73.

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.