Super Micro Computer Inc (SMCI)
Forget Nvidia & SMCI, these utility stocks can be the next big winners
Nvidia and Supermicro have been all the rage in financial markets this year.
Meridian Wealth Management LLC Sells 35 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)
Meridian Wealth Management LLC lessened its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI – Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 925 shares of the company’s stock after selling 35 shares during the period. Meridian Wealth Management LLC’s holdings in Super Micro Computer were worth $263,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $55,943,000. Natixis Advisors L.P. grew its stake in Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after buying an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. increased its holdings in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after buying an additional 134 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at $739,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Super Micro Computer by 154.5% during 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 last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities research analysts have weighed in on the company. Susquehanna raised their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. Wells Fargo & Company dropped their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Barclays upped their target price on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Wedbush lifted their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Argus assumed coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $954.38. Check Out Our Latest Research Report on SMCI Super Micro Computer Stock Performance Shares of NASDAQ:SMCI opened at $887.89 on Monday. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $916.64 and a 200-day moving average price of $628.42. The company has a market cap of $49.66 billion, a price-to-earnings ratio of 49.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.34. Super Micro Computer, Inc. has a 12 month low of $155.45 and a 12 month high of $1,229.00. Insiders Place Their Bets In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock. Super Micro Computer Company Profile (Free Report) 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.
SMCI Stock Outlook: Can Super Micro Computer Keep Rallying From Here?
Investors often consider analyst recommendations when deciding to buy, sell, or hold a stock. But how crucial are these recommendations?
Why Is Everyone Talking About Super Micro Computer Stock?
Super Micro Computer is exciting investors with its incredible top-line expansion.
SMCI, SOUN, C3.ai (AI) stocks brace for a crucial week
SoundHound (NASDAQ: SOUN), Super Micro Computer (SMCI), and C3.ai (AI) stock prices will be in focus this week as Nvidia (NVDA) publishes its financial results on Wednesday. These results will provide more colour about the state of the AI demand globally.
Unfortunate News for Super Micro Computer Stock Investors
Companies that grow fast sometimes face a constraint similar to the one plaguing Super Micro Computer right now.
Great News for Super Micro Computer Stock Investors
Super Micro Computer is experiencing phenomenal growth amid insatiable demand for artificial intelligence.
Bull of the Day: Super Micro Computer (SMCI)
Super Micro Computer ( SMCI ) reported their March quarterly earnings on April 30 and inspired analysts to once again boost growth estimates for the provider of key datacenter infrastructure in the early innings of the AI boom. After SMCI delivered strong numbers and guidance, the Zacks Consensus EPS estimate for the current fiscal year (ends June) rose 6% from $22.15 to $23.51, representing 99% annual growth.
Where Will Super Micro Computer Stock Be in 5 Years?
AI-related hype has sent Super Micro's shares parabolic. The company's fundamentals still look great.
