B. Riley Wealth Advisors Inc. Sells 16,850 Shares of Super Micro Computer, Inc. $SMCI
B. Riley Wealth Advisors Inc. reduced its stake in Super Micro Computer, Inc. (NASDAQ:SMCI) by 70.6% in Q3, selling 16,850 shares and holding 7,010 shares valued at $336,000. Other investors also adjusted their positions. Analysts have set new price targets, with Barclays lowering it to $43.00 and Sanford C. Bernstein to $42.00. Super Micro's stock opened at $30.12, with a market cap of $17.98 billion. The company reported Q4 earnings of $0.35 EPS, missing estimates, and revenue of $5.02 billion, down 15.5% year-over-year. Super Micro focuses on high-performance server and storage solutions.
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