Super Micro Computer (NASDAQ:SMCI) Rating Lowered to Sell at StockNews.com

Super Micro Computer (NASDAQ:SMCI) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also recently weighed in on SMCI. Argus began coverage on Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target on the stock. Susquehanna lifted their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They set a “neutral” rating and a $941.00 price target for the company. Loop Capital lifted their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Northland Securities boosted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $949.85.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $754.72 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $42.21 billion, a PE ratio of 58.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. Super Micro Computer has a 12-month low of $93.19 and a 12-month high of $1,229.00. The firm has a 50-day moving average price of $952.15 and a 200-day moving average price of $559.41.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company’s revenue was up 103.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.09 earnings per share. As a group, equities research analysts forecast that Super Micro Computer will post 20.24 EPS for the current year.

Insider Activity at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the completion of the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock valued at $30,113,681 in the last three months. 17.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its position in shares of Super Micro Computer by 14.4% in the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Super Micro Computer by 1.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after purchasing an additional 16 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Super Micro Computer by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after buying an additional 18 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Super Micro Computer by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $229,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 84.06% 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.