B. Riley Wealth Advisors Inc. Purchases 1,880 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

B. Riley Wealth Advisors Inc. increased its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,423 shares of the company’s stock after purchasing an additional 1,880 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Super Micro Computer were worth $2,679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SMCI. Janney Montgomery Scott LLC raised its position in shares of Super Micro Computer by 52.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,721 shares of the company’s stock valued at $1,020,000 after purchasing an additional 1,278 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $331,000. HighTower Advisors LLC raised its stake in Super Micro Computer by 582.2% during the third quarter. HighTower Advisors LLC now owns 11,830 shares of the company’s stock valued at $3,246,000 after purchasing an additional 10,096 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Super Micro Computer in the 3rd quarter worth $769,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Super Micro Computer by 86.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,028 shares of the company’s stock worth $556,000 after buying an additional 938 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. The Goldman Sachs Group decreased their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Northland Securities increased 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, March 25th. Bank of America raised their price target on shares of 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. Finally, JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $954.38.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Tally C. Liu sold 500 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock valued at $1,116,736 over the last ninety days. Insiders own 17.60% of the company’s stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $887.41 on Tuesday. Super Micro Computer, Inc. has a one year low of $213.08 and a one year high of $1,229.00. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 49.74, a PEG ratio of 0.76 and a beta of 1.23. The business’s 50 day moving average price is $837.67 and its 200 day moving average price is $710.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

About Super Micro Computer

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.