Golden State Wealth Management LLC Invests $34,000 in Super Micro Computer, Inc. (NASDAQ:SMCI)

Golden State Wealth Management LLC bought a new stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,110 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at about $30,000. Trust Co. of Vermont grew its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in Super Micro Computer in the fourth quarter worth $31,000. New Wave Wealth Advisors LLC purchased a new stake in Super Micro Computer during the fourth quarter valued at $42,000. Finally, Kieckhefer Group LLC bought a new position in Super Micro Computer during the fourth quarter valued at $43,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $38.61 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $22.61 billion, a PE ratio of 19.38 and a beta of 1.30. The firm’s 50 day simple moving average is $33.53 and its 200-day simple moving average is $40.52. Super Micro Computer, Inc. has a one year low of $17.25 and a one year high of $122.90.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Wedbush restated a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $63.07.

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.