From MarketBeat:



Wealth Management company 1900 Wealth Management LLC recently acquired a new stake in Super Micro Computer, Inc. during the 3rd quarter, purchasing almost 24,000 shares valued at over $6.5 million. Other institutional investors like BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, and State Street Corp also made changes to their positions in Super Micro Computer. Additionally, Millennium Management LLC increased its position in the company by 36.7%. The company’s stock price has seen a 4.8% decrease, trading at $289.72 on NASDAQ. Super Micro Computer’s third-quarter results showed a lower EPS and higher revenue than expected. Corporate insiders, including CFO David E. Weigand and Director Liang Chiu-Chu Sara Liu, have been selling shares recently, and their total sale combined equates to about 91,580 shares of company stock worth $23,133,307 over the last 90 days. Several analysts have recently commented on the stock, with a consensus rating of “Moderate Buy” and a consensus target price of $336.38 per share. Super Micro Computer, Inc. is a company that develops and manufactures high-performance server and storage solutions. Finally, MarketBeat has identified five other stocks that top analysts are recommending as better buys than Super Micro Computer.



Original: 1900 Wealth Management LLC Invests $6.56 Million in Super Micro Computer, Inc. (NASDAQ:SMCI)