Kingswood Wealth Advisors LLC Has $2.74 Million Holdings in Super Micro Computer, Inc. (NASDAQ:SMCI)

Kingswood Wealth Advisors LLC lifted its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 905.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,769 shares of the company’s stock after purchasing an additional 80,840 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Super Micro Computer were worth $2,736,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. lifted its stake in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after buying an additional 61,071 shares in the last quarter. Assetmark Inc. lifted its position in Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares in the last quarter. Nepsis Inc. acquired a new position in Super Micro Computer during the 4th quarter valued at about $13,625,000. Sanctuary Advisors LLC raised its stake in shares of Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after purchasing an additional 145,327 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SMCI shares. Barclays decreased their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. The Goldman Sachs Group lowered their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Loop Capital boosted their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Down 0.4 %

SMCI opened at $33.27 on Monday. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a market cap of $18.61 billion, a PE ratio of 16.70 and a beta of 1.31. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $33.83 and a 200 day moving average of $44.79.

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.