Barclays Initiates Coverage on Super Micro Computer (NASDAQ:SMCI)

Research analysts at Barclays assumed coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $327.00 price target on the stock. Barclays‘s target price points to a potential upside of 33.85% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Wedbush raised shares of Super Micro Computer from an “underperform” rating to a “neutral” rating and set a $250.00 price target on the stock in a report on Wednesday, August 23rd. Loop Capital boosted their price target on Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 7th. StockNews.com initiated coverage on Super Micro Computer in a report on Thursday, August 17th. They issued a “hold” rating for the company. Northland Securities boosted their target price on Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Finally, Susquehanna raised their price target on Super Micro Computer from $90.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.14.

Super Micro Computer Trading Down 2.0 %

NASDAQ SMCI opened at $244.30 on Tuesday. The firm has a market cap of $12.92 billion, a PE ratio of 21.34 and a beta of 1.29. Super Micro Computer has a 1-year low of $50.28 and a 1-year high of $357.00. The stock has a 50-day moving average of $286.18 and a 200-day moving average of $203.57. The company has a current ratio of 2.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.22. Super Micro Computer had a return on equity of 35.13% and a net margin of 8.98%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. As a group, sell-side analysts forecast that Super Micro Computer will post 14.37 EPS for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 2,968 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $280.79, for a total transaction of $833,384.72. Following the transaction, the senior vice president now owns 7,590 shares in the company, valued at approximately $2,131,196.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Sherman Tuan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $272.00, for a total value of $272,000.00. Following the transaction, the director now owns 27,613 shares in the company, valued at approximately $7,510,736. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 2,968 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $280.79, for a total transaction of $833,384.72. Following the sale, the senior vice president now owns 7,590 shares of the company’s stock, valued at $2,131,196.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,091 shares of company stock valued at $2,815,408. Corporate insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Super Micro Computer by 2.0% during the 2nd quarter. BlackRock Inc. now owns 5,474,348 shares of the company’s stock worth $1,364,481,000 after acquiring an additional 105,502 shares during the period. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company’s stock valued at $265,007,000 after buying an additional 197,980 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Super Micro Computer by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,076,249 shares of the company’s stock worth $221,216,000 after buying an additional 27,295 shares during the period. State Street Corp boosted its holdings in Super Micro Computer by 3.6% in the 1st quarter. State Street Corp now owns 1,532,138 shares of the company’s stock worth $163,249,000 after buying an additional 53,564 shares during the period. Finally, Millennium Management LLC increased its stake in Super Micro Computer by 36.7% in the 4th quarter. Millennium Management LLC now owns 1,002,884 shares of the company’s stock worth $82,337,000 after buying an additional 269,286 shares in the last quarter. Institutional investors own 72.75% of the company’s stock.

Super Micro Computer Company 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.