Super Micro Computer, Inc. (NASDAQ:SMCI) Shares Bought by TFO Wealth Partners LLC

TFO Wealth Partners LLC raised its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 105,600.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,114 shares of the company’s stock after purchasing an additional 2,112 shares during the period. TFO Wealth Partners LLC’s holdings in Super Micro Computer were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Super Micro Computer during the 3rd quarter valued at approximately $55,943,000. Natixis Advisors L.P. increased its holdings in shares of Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after purchasing an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. lifted its stake in shares of Super Micro Computer by 2.7% in the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the period. Truist Financial Corp purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $739,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Super Micro Computer by 154.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after acquiring an additional 2,870 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SMCI shares. Bank of America lifted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Loop Capital increased their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company lowered their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Barclays increased their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $954.38.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $827.94 on Friday. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 46.41, a P/E/G ratio of 0.76 and a beta of 1.34. The business has a fifty day simple moving average of $885.12 and a 200 day simple moving average of $661.60. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Super Micro Computer, Inc. has a 1 year low of $213.08 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, sell-side analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.60% of the stock is owned by insiders.

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.