B. Riley Wealth Advisors Inc. reduced its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 70.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,010 shares of the company’s stock after selling 16,850 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Super Micro Computer were worth $336,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of SMCI. Anfield Capital Management LLC bought a new stake in shares of Super Micro Computer during the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Super Micro Computer in the second quarter worth about $25,000. Armstrong Advisory Group Inc. purchased a new position in Super Micro Computer in the 3rd quarter worth about $29,000. Orion Capital Management LLC bought a new stake in Super Micro Computer during the 2nd quarter valued at about $39,000. Finally, Advisors Asset Management Inc. purchased a new stake in Super Micro Computer in the 1st quarter valued at about $39,000. Institutional investors own 84.06% of the company’s stock.
Super Micro Computer Stock Performance
Shares of Super Micro Computer stock opened at $30.12 on Friday. The company has a market capitalization of $17.98 billion, a PE ratio of 24.10, a P/E/G ratio of 0.64 and a beta of 1.54. The company has a 50-day simple moving average of $31.55 and a two-hundred day simple moving average of $42.01. Super Micro Computer, Inc. has a one year low of $25.71 and a one year high of $66.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.95 and a current ratio of 5.39.
Analysts Set New Price Targets
A number of equities analysts have recently commented on SMCI shares. KGI Securities raised shares of Super Micro Computer from a “neutral” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Wednesday, November 5th. Wedbush decreased their target price on Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Sanford C. Bernstein lowered their target price on Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Rosenblatt Securities cut their price target on Super Micro Computer from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research raised shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.19.
Check Out Our Latest Analysis on Super Micro Computer
Super Micro Computer Company Profile
Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.
Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.
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