Wealthspire Advisors LLC Makes New Investment in 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 23,759 shares of the company’s stock, valued at approximately $724,000.

Several other large investors have also modified their holdings of SMCI. Rakuten Securities Inc. increased its holdings in Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after buying an additional 61,071 shares during the period. Assetmark Inc. boosted its position in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $635,000. Nepsis Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth $13,625,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $45.54 on Wednesday. The company has a market capitalization of $26.67 billion, a PE ratio of 22.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company’s fifty day moving average price is $35.82 and its 200 day moving average price is $39.65. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $122.90.

Analysts Set New Price Targets

Several research firms have issued reports on SMCI. JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $60.73.

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.