Tyler Stone Wealth Management Invests $931,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Tyler Stone Wealth Management bought a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,540 shares of the company’s stock, valued at approximately $931,000.

A number of other institutional investors also recently modified their holdings of the stock. Retirement Systems of Alabama lifted its stake in Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after buying an additional 258 shares during the period. Advisors Asset Management Inc. grew its position in Super Micro Computer by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock valued at $1,090,000 after purchasing an additional 478 shares in the last quarter. Cerity Partners LLC increased its stake in Super Micro Computer by 22.5% in the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after buying an additional 497 shares during the last quarter. Townsquare Capital LLC lifted its position in Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock worth $544,000 after buying an additional 522 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its stake in shares of Super Micro Computer by 53.0% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,732 shares of the company’s stock worth $721,000 after buying an additional 600 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 2.6 %

Shares of SMCI opened at $40.64 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $110.61. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 20.40 and a beta of 1.21. The business’s fifty day moving average is $39.07 and its 200-day moving average is $37.83.

Insider Activity at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last ninety days. 17.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several research reports. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their target price for the company from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Barclays started coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Super Micro Computer 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.