B. Riley Wealth Advisors Inc. Bolsters Stake in Super Micro Computer, Inc.

B. Riley Wealth Advisors Inc. has notably increased its ownership in Super Micro Computer, Inc. (NASDAQ:SMCI), as revealed in its latest 13F filing with the Securities and Exchange Commission. The firm's shareholding grew by 33.9% in the third quarter, concluding with a total of 7,543 shares after the purchase of an additional 1,910 shares during this period. The value of B. Riley Wealth Advisors Inc.'s investment in Super Micro Computer is reported to be approximately $2,068,000.

Investment Activities by Other Firms

A variety of other institutional investors have also adjusted their holdings in SMCI. William Blair Investment Management LLC initiated a new position valued around $140,751,000 in the third quarter. Concurrently, Millennium Management LLC boosted its stake by 379.5% in the second quarter, now possessing 609,315 shares with an estimated value of $24,586,000. Envestnet Asset Management Inc. increased its shares by a staggering 4,603.3% in the first quarter, securing 471,840 shares worth approximately $826,000. FMR LLC upped its stake by 161.2% to own 479,338 shares, valued at $131,444,000, while BlackRock Inc. expanded its ownership by 8.7%, reaching a total of 3,445,273 shares with a value close to $131,163,000. Currently, institutional investors hold 72.75% of SMCI's stock.

Stock Analysts' Perspectives

Several equity analysts have recently offered their opinions on SMCI stocks. Argus commenced coverage with a 'buy' rating and a price target of $1,350.00. Barclays lifted its price target and maintained an 'overweight' rating. Rosenblatt Securities and Northland Securities both set 'buy' ratings with increased price targets. Susquehanna regards the stock with a 'negative' rating despite raising its price target. A cumulative assessment reveals that Super Micro Computer holds a 'Moderate Buy' rating from analysts with an average price target of $765.25, according to MarketBeat.com

Super Micro Computer's Market Performance

The stock of Super Micro Computer started at $1,068.83 on the recent trading day, with a reported current ratio of 2.43, quick ratio of 1.19, and a very low debt-to-equity ratio. The company's 50-day and 200-day moving averages stand at $716.77 and $427.90, respectively, with the market cap around $59.78 billion. Trading at a price-to-earnings ratio of 83.44 and a PEG ratio of 1.08, SMCI reached a 1-year high of $1,229.00, after hitting a low of $90.06. The latest quarterly earnings report showed $5.59 per share, exceeding estimates and representing a significant revenue increase to $3.66 billion. Analysts predict annual earnings per share of 19.66 for the current fiscal year.

Insider Transactions at Super Micro Computer

Notable insider trades included sales by SVP Don W. Clegg and Director Liang Chiu-Chu Sara Liu, with significant proceeds from these transactions. Over the recent three months, insiders sold 35,289 shares totaling over $30 million. Corporate insiders currently hold 17.60% of the company's stock.

About Super Micro Computer

Super Micro Computer, Inc. is an organization specializing in the production of high performance server and storage solutions. These products incorporate modular and open architecture and are distributed worldwide. The range includes server systems, storage systems, modular blade servers, workstations, full racks, networking devices, and various management and security software.

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