Super Micro Computer (NASDAQ:SMCI) Upgraded by StockNews.com to Sell Rating

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

Other research analysts have also recently issued research reports about the stock. Citigroup started coverage on shares of Super Micro Computer in a report on Tuesday. They issued a “neutral” rating and a $39.00 price target on the stock. Barclays reissued an “equal weight” rating and issued a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday. Mizuho set a $34.00 target price on shares of Super Micro Computer in a report on Tuesday. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.53.

Super Micro Computer Price Performance

Shares of SMCI opened at $32.02 on Thursday. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $101.40. The stock has a market cap of $19.11 billion, a P/E ratio of 16.07 and a beta of 1.36. The business’s fifty day moving average is $35.37 and its 200 day moving average is $35.24. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the firm posted $0.66 EPS. Super Micro Computer’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts anticipate that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 in the last quarter. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently bought and sold shares of SMCI. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC grew its holdings in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new position in Super Micro Computer during the fourth quarter valued at approximately $292,869,000. Invesco Ltd. raised its holdings in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. Hedge funds and other institutional investors 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.