Stratos Wealth Partners LTD. Buys New Shares in Super Micro Computer, Inc. (NASDAQ:SMCI)

Stratos Wealth Partners LTD. purchased a new position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,649 shares of the company's stock, valued at approximately $386,000.

Other large investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the 4th quarter worth $30,000. Trust Co. of Vermont boosted its stake in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Toth Financial Advisory Corp acquired a new stake in Super Micro Computer during the 4th quarter worth $31,000. New Wave Wealth Advisors LLC acquired a new stake in Super Micro Computer during the 4th quarter worth $42,000. Finally, Kieckhefer Group LLC acquired a new stake in Super Micro Computer during the 4th quarter worth $43,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMCI. Loop Capital raised their target price on shares of Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday. Northland Securities restated an "outperform" rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Wedbush raised their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $60.20.

Super Micro Computer Trading Up 13.3 %

Shares of NASDAQ SMCI traded up $5.63 during midday trading on Friday, reaching $47.91. 132,026,965 shares of the stock were exchanged, compared to its average volume of 35,788,788. The company has a market capitalization of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. 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 stock has a 50 day moving average price of $33.59 and a 200-day moving average price of $39.97.

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.