Super Micro Computer (NASDAQ:SMCI) PT Raised to $1,300.00

Super Micro Computer (NASDAQ:SMCI) had its price objective boosted by analysts at Northland Securities from $925.00 to $1,300.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 26.82% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wedbush boosted their price target on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Wells Fargo & Company initiated coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They issued an “equal weight” rating and a $960.00 target price for the company. Argus initiated coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a research note on Monday. They issued an “overweight” rating and a $1,150.00 target price for the company. Finally, Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $865.23.

Super Micro Computer Stock Performance

Shares of SMCI opened at $1,025.06 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The company has a market capitalization of $57.33 billion, a PE ratio of 80.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27. The company’s fifty day moving average price is $806.07 and its 200 day moving average price is $464.55. Super Micro Computer has a one year low of $93.19 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business posted $3.09 EPS. The business’s quarterly revenue was up 103.0% on a year-over-year basis. As a group, analysts expect that Super Micro Computer will post 19.66 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $280.00, for a total value of $84,000.00. Following the completion of the sale, the director now owns 20,387 shares of the company’s stock, valued at $5,708,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $280.00, for a total value of $84,000.00. Following the completion of the transaction, the director now owns 20,387 shares in the company, valued at $5,708,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’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 completion of the transaction, the director now owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,289 shares of company stock valued at $30,197,681. Corporate insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Sound Income Strategies LLC acquired a new position in shares of Super Micro Computer in the third quarter valued at approximately $25,000. Allworth Financial LP bought a new position in Super Micro Computer in the third quarter valued at $27,000. Optimum Investment Advisors bought a new position in Super Micro Computer in the fourth quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer in the fourth quarter valued at $30,000. Finally, FinTrust Capital Advisors LLC bought a new position in Super Micro Computer in the fourth quarter valued at $33,000. Institutional investors and hedge funds 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.