Super Micro Computer (NASDAQ:SMCI) Shares Gap Up on Analyst Upgrade

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price gapped up prior to trading on Tuesday after Northland Securities raised their price target on the stock from $925.00 to $1,300.00. The stock had previously closed at $1,042.79, but opened at $1,087.00. Northland Securities currently has an outperform rating on the stock. Super Micro Computer shares last traded at $1,079.41, with a volume of 1,419,310 shares traded.

A number of other research analysts also recently weighed in on SMCI. Susquehanna increased their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Barclays upped their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Wells Fargo & Company started coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a report on Monday. They set an “overweight” rating and a $1,150.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $865.23.

Insider Activity 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 stock was 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 directly owns 20,387 shares in the company, valued at approximately $5,708,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction 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 sale, the director now owns 20,387 shares in the company, valued at approximately $5,708,360. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the completion of the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,289 shares of company stock valued at $30,197,681. 17.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently added to or reduced their stakes in SMCI. Fairfield Bush & CO. bought a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $126,000. MetLife Investment Management LLC lifted its position in Super Micro Computer by 55.4% in the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock worth $954,000 after buying an additional 8,927 shares during the last quarter. BlackRock Inc. boosted its stake in Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after buying an additional 275,725 shares during the period. Great West Life Assurance Co. Can increased its position in Super Micro Computer by 21.1% during the first quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock valued at $114,000 after acquiring an additional 493 shares during the last quarter. Finally, LSV Asset Management bought a new position in Super Micro Computer during the first quarter valued at $259,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 0.2 %

The company’s 50 day moving average price is $820.17 and its two-hundred day moving average price is $468.46. The firm has a market cap of $57.23 billion, a PE ratio of 79.88, a P/E/G ratio of 0.95 and a beta of 1.27. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company posted $3.09 EPS. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 19.66 EPS for the current year.

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.