Wealth Enhancement Advisory Services LLC Has $656,000 Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 515.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,535 shares of the company’s stock after purchasing an additional 18,038 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Super Micro Computer were worth $656,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wealth Quarterback LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $435,000. New York Life Investment Management LLC grew its stake in shares of Super Micro Computer by 907.8% during the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company’s stock worth $2,060,000 after purchasing an additional 60,879 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $209,000. US Bancorp DE grew its stake in shares of Super Micro Computer by 1,147.3% during the fourth quarter. US Bancorp DE now owns 28,863 shares of the company’s stock worth $880,000 after purchasing an additional 26,549 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Super Micro Computer by 842.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company’s stock worth $723,000 after purchasing an additional 21,512 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now owns 88,599 shares in the company, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SMCI shares. Wedbush reissued a “neutral” rating and issued a $30.00 target price (down from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Citigroup started coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 target price for the company. Barclays reissued an “equal weight” rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.63.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $42.91 on Wednesday. The firm has a market cap of $25.61 billion, a price-to-earnings ratio of 21.54 and a beta of 1.40. The stock’s 50-day moving average is $36.92 and its 200-day moving average is $37.08. Super Micro Computer, Inc. has a one year low of $17.25 and a one year 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.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. Super Micro Computer’s revenue was up 19.5% on a year-over-year basis. Equities analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

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.