Tyler Stone Wealth Management Takes Position in Super Micro Computer, Inc. (NASDAQ:SMCI)

Tyler Stone Wealth Management acquired a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,540 shares of the company's stock, valued at approximately $931,000.

Several other hedge funds have also made changes to their positions in the stock. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the fourth quarter worth $30,000. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer during the fourth quarter worth about $31,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Trading Down 0.5 %

SMCI stock traded down $0.16 during midday trading on Friday, reaching $34.56. The stock had a trading volume of 35,188,902 shares, compared to its average volume of 73,360,426. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 17.35 and a beta of 1.21. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $106.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $39.27 and a two-hundred day simple moving average of $37.79.

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Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last ninety days. Insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SMCI shares. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $40.00 to $32.00 in a research note on Monday. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, Barclays started coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $53.00.

About Super Micro Computer

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.