HB Wealth Management LLC Invests $558,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

HB Wealth Management LLC purchased a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,963 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMCI. Fairfield Bush & CO. acquired a new position in Super Micro Computer in the first quarter valued at about $126,000. MetLife Investment Management LLC raised its stake in Super Micro Computer by 55.4% in the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock valued at $954,000 after purchasing an additional 8,927 shares in the last quarter. BlackRock Inc. raised its stake in Super Micro Computer by 8.7% in the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after purchasing an additional 275,725 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Super Micro Computer by 21.1% in the first quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock valued at $114,000 after purchasing an additional 493 shares in the last quarter. Finally, LSV Asset Management acquired a new position in Super Micro Computer in the first quarter valued at about $259,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $1,025.06 on Wednesday. The business’s 50 day simple moving average is $806.07 and its 200 day simple moving average is $464.55. Super Micro Computer, Inc. has a one year low of $93.19 and a one year high of $1,229.00. The stock has a market capitalization of $57.33 billion, a PE ratio of 80.02, a PEG ratio of 0.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the business posted $3.09 earnings per share. The firm’s revenue was up 103.0% on a year-over-year basis. As a group, research analysts forecast that Super Micro Computer, Inc. will post 19.66 earnings per share for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the transaction, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,289 shares of company stock worth $30,197,681. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wedbush boosted their target price on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Bank of America boosted their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Wells Fargo & Company assumed coverage on Super Micro Computer in a research note on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price for the company. Northland Securities boosted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Susquehanna boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $865.23.

Super Micro Computer Company 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.