B. Riley Wealth Advisors Inc. Acquires Shares of 24,037 Super Micro Computer, Inc. (NASDAQ:SMCI)

B. Riley Wealth Advisors Inc. bought a new stake in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 24,037 shares of the company's stock, valued at approximately $733,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SMCI. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $292,869,000. Invesco Ltd. lifted its stake in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. KGI Securities began coverage on Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating for the company. Barclays reiterated an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $45.63.

Insider Buying and Selling

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $0.81 during trading hours on Thursday, hitting $41.15. 35,795,347 shares of the company's stock traded hands, compared to its average volume of 71,868,448. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 20.66 and a beta of 1.36. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a fifty day simple moving average of $35.86 and a 200-day simple moving average of $35.99.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the company earned $0.66 earnings per share. Super Micro Computer's revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal 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.