WT Wealth Management Buys 6,250 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

WT Wealth Management increased its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 91.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,050 shares of the company’s stock after acquiring an additional 6,250 shares during the quarter. WT Wealth Management’s holdings in Super Micro Computer were worth $398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Super Micro Computer by 798.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock worth $89,752,000 after acquiring an additional 2,616,757 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Super Micro Computer by 956.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after purchasing an additional 1,192,366 shares during the last quarter. National Pension Service purchased a new stake in Super Micro Computer during the fourth quarter valued at about $28,932,000. Rhumbline Advisers lifted its holdings in Super Micro Computer by 897.0% during the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after purchasing an additional 885,582 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Super Micro Computer by 887.7% in the fourth quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock worth $19,060,000 after buying an additional 562,029 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SMCI shares. Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.73.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $51.11 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market cap of $29.93 billion, a PE ratio of 25.66 and a beta of 1.30. The business has a 50-day simple moving average of $36.20 and a two-hundred day simple moving average of $39.65. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

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.