Spire Wealth Management Takes $56,000 Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Spire Wealth Management acquired a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) during the 3rd quarter, Holdings Channel reports. The fund acquired 205 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Swiss National Bank boosted its stake in Super Micro Computer by 47.1% in the 3rd quarter. Swiss National Bank now owns 152,000 shares of the company’s stock worth $41,681,000 after buying an additional 48,700 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its position in shares of Super Micro Computer by 7.5% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 14,757 shares of the company’s stock worth $4,047,000 after acquiring an additional 1,027 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its position in shares of Super Micro Computer by 1.0% in the third quarter. Hussman Strategic Advisors Inc. now owns 15,750 shares of the company’s stock worth $4,319,000 after acquiring an additional 150 shares during the last quarter. Summit Financial LLC purchased a new stake in Super Micro Computer in the third quarter valued at approximately $817,000. Finally, Dorsey Wright & Associates increased its position in Super Micro Computer by 37.3% during the third quarter. Dorsey Wright & Associates now owns 14,573 shares of the company’s stock worth $3,996,000 after purchasing an additional 3,962 shares during the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several research reports. Barclays boosted their price objective on shares of Super Micro Computer from $335.00 to $396.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Susquehanna upped their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Rosenblatt Securities lifted their price objective on Super Micro Computer from $550.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Nomura Instinet started coverage on shares of Super Micro Computer in a research report on Friday, October 20th. They set a “buy” rating and a $413.00 target price for the company. Finally, Nomura started coverage on shares of Super Micro Computer in a research report on Friday, October 20th. They set a “buy” rating and a $413.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.88.

View Our Latest Stock Analysis on SMCI

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $773.01 on Tuesday. The company has a market cap of $43.23 billion, a P/E ratio of 60.34 and a beta of 1.17. Super Micro Computer, Inc. has a one year low of $85.61 and a one year high of $810.00. The business’s 50-day simple moving average is $390.47 and its 200 day simple moving average is $315.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The business’s quarterly revenue was up 103.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.09 earnings per share. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 19.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other news, Director Robert L. Blair sold 800 shares of Super Micro Computer stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total transaction of $201,744.00. Following the sale, the director now directly owns 586 shares of the company’s stock, valued at $147,777.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $280.00, for a total transaction of $84,000.00. Following the completion of the transaction, the director now directly owns 20,387 shares in the company, valued at approximately $5,708,360. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert L. Blair sold 800 shares of Super Micro Computer stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total transaction of $201,744.00. Following the completion of the sale, the director now owns 586 shares of the company’s stock, valued at approximately $147,777.48. The disclosure for this sale can be found here. Insiders sold a total of 72,362 shares of company stock valued at $18,558,352 in the last ninety days. Insiders own 17.60% of the company’s stock.

About Super Micro Computer

(Free Report)

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.

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Institutional Ownership by Quarter for Super Micro Computer (NASDAQ:SMCI)

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