Super Micro Computer (NASDAQ:SMCI) Upgraded to “Hold” at StockNews.com

Super Micro Computer (NASDAQ:SMCI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other brokerages have also recently commented on SMCI. Loop Capital upped their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday. Finally, Bank of America upped their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $954.38.

Super Micro Computer Stock Up 3.3 %

SMCI opened at $762.52 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $952.15 and a 200-day moving average price of $577.91. Super Micro Computer has a twelve month low of $114.32 and a twelve month high of $1,229.00. The stock has a market capitalization of $42.65 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 0.77 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data 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. Super Micro Computer had a net margin of 8.88% and a return on equity of 43.62%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the company earned $3.09 earnings per share. The firm’s quarterly revenue was up 103.0% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer will post 19.87 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its position in Super Micro Computer by 229.2% during the first quarter. Daiwa Securities Group Inc. now owns 13,251 shares of the company’s stock valued at $13,384,000 after purchasing an additional 9,226 shares during the last quarter. Lwmg LLC bought a new position in Super Micro Computer during the first quarter valued at $455,000. Thompson Davis & CO. Inc. bought a new position in Super Micro Computer during the first quarter valued at $208,000. Nordea Investment Management AB lifted its position in Super Micro Computer by 1,516.8% during the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock valued at $56,420,000 after purchasing an additional 51,906 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Super Micro Computer in the first quarter valued at $221,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.