Spire Wealth Management Acquires New Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Spire Wealth Management bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCIFree Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 205 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Super Micro Computer by 2.0% during the second quarter. BlackRock Inc. now owns 5,474,348 shares of the company’s stock worth $1,364,481,000 after purchasing an additional 105,502 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock worth $265,007,000 after buying an additional 197,980 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Super Micro Computer by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after buying an additional 171,335 shares in the last quarter. State Street Corp increased its holdings in Super Micro Computer by 3.6% in the 1st quarter. State Street Corp now owns 1,532,138 shares of the company’s stock worth $163,249,000 after acquiring an additional 53,564 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Super Micro Computer by 36.7% in the 4th quarter. Millennium Management LLC now owns 1,002,884 shares of the company’s stock worth $82,337,000 after acquiring an additional 269,286 shares in the last quarter. 72.75% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 4.4 %

Shares of SMCI opened at $773.01 on Tuesday. Super Micro Computer, Inc. has a 52-week low of $85.61 and a 52-week high of $810.00. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $390.47 and a two-hundred day simple moving average of $315.18. The company has a market capitalization of $43.23 billion, a PE ratio of 60.34 and a beta of 1.17.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. Super Micro Computer’s revenue was up 103.0% compared to the same quarter last year. During the same period last year, the business earned $3.09 earnings per share. As a group, equities analysts forecast that Super Micro Computer, Inc. will post 19.66 EPS for the current year.

Insider Activity

In related news, Director Robert L. Blair sold 800 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total value of $201,744.00. Following the completion of the transaction, the director now directly owns 586 shares in the company, valued at $147,777.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robert L. Blair sold 800 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total value of $201,744.00. Following the transaction, the director now owns 586 shares of the company’s stock, valued at approximately $147,777.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David E. Weigand sold 20,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total value of $5,043,600.00. Following the transaction, the chief financial officer now owns 11,580 shares of the company’s stock, valued at $2,920,244.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,362 shares of company stock valued at $18,558,352. 17.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research reports. Wedbush boosted their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Northland Securities raised their target price on Super Micro Computer from $450.00 to $625.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Barclays lifted their price target on Super Micro Computer from $335.00 to $396.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Susquehanna increased their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. Finally, Nomura Instinet started coverage on shares of Super Micro Computer in a research note on Friday, October 20th. They set a “buy” rating and a $413.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $465.88.

Read Our Latest Research Report on SMCI

Super Micro Computer Profile

(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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