5 Best Russell 2000 Stocks To Buy According To Hedge Funds

4. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 40

Super Micro Computer, Inc. (NASDAQ:SMCI) ranks 4th on our list of the best Russell 2000 stocks. The company specializes in developing and manufacturing high-performance server and storage solutions with modular and open architecture. On January 29, Super Micro Computer, Inc. (NASDAQ:SMCI) announced financial results for its second quarter of fiscal year 2024 ended December 31, 2023. The company reported a non-GAAP EPS of $5.59 and a revenue of $3.66 billion, outperforming Wall Street estimates by $0.43 and $400 million, respectively. 

According to Insider Monkey’s fourth quarter database, 40 hedge funds were long Super Micro Computer, Inc. (NASDAQ:SMCI), compared to 41 funds in the prior quarter. Richard Driehaus’ Driehaus Capital is the largest stakeholder of the company, with 446,128 shares worth $126.8 million. 

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