Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $949.85 Consensus PT from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $949.85.

Several research firms have recently weighed in on SMCI. Argus began coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target on the stock. Bank of America boosted their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. KeyCorp started coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Finally, Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded down $130.80 during trading on Friday, hitting $728.00. 5,375,074 shares of the company were exchanged, compared to its average volume of 9,630,967. Super Micro Computer has a 1-year low of $101.71 and a 1-year high of $1,229.00. The company has a market capitalization of $40.72 billion, a P/E ratio of 55.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. 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 business’s 50 day moving average is $952.07 and its 200-day moving average is $576.78.

Super Micro Computer (NASDAQ:SMCI) last issued 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. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. Super Micro Computer’s quarterly revenue was up 103.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 EPS. Equities analysts forecast that Super Micro Computer will post 20.24 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The disclosure for this sale can be found here. Insiders sold 34,027 shares of company stock valued at $29,655,672 over the last 90 days. Company insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently modified their holdings of the company. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the 1st quarter worth about $35,000. Versant Capital Management Inc increased its holdings in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after purchasing an additional 15 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of Super Micro Computer in the first quarter worth approximately $51,000. Retirement Group LLC lifted its holdings in shares of Super Micro Computer by 75.0% in the first quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after purchasing an additional 24 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd bought a new position in shares of Super Micro Computer in the first quarter valued at approximately $61,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.