Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $344.00.

A number of analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Super Micro Computer in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Nomura Instinet started coverage on shares of Super Micro Computer in a research note on Friday, October 20th. They issued a “buy” rating and a $413.00 price target for the company. Barclays increased their target price on shares of Super Micro Computer from $335.00 to $396.00 and gave the company an “overweight” rating in a research note on Friday. Susquehanna lowered shares of Super Micro Computer from a “neutral” rating to a “negative” rating and cut their target price for the company from $240.00 to $160.00 in a research note on Monday, December 11th. Finally, Nomura started coverage on shares of Super Micro Computer in a research note on Friday, October 20th. They set a “buy” rating and a $413.00 target price for the company.

View Our Latest Analysis on SMCI

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $423.36 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 2.23 and a debt-to-equity ratio of 0.05. Super Micro Computer has a fifty-two week low of $70.11 and a fifty-two week high of $428.69. The firm has a 50-day simple moving average of $296.10 and a 200 day simple moving average of $283.27. The company has a market cap of $22.57 billion, a PE ratio of 39.02 and a beta of 1.13.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last posted its earnings results on Wednesday, November 1st. The company reported $2.75 EPS for the quarter, missing the consensus estimate of $2.97 by ($0.22). Super Micro Computer had a return on equity of 31.26% and a net margin of 8.29%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.07 billion. On average, sell-side analysts anticipate that Super Micro Computer will post 14.69 EPS for the current year.

Insider Activity

In other news, Director Robert L. Blair sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $252.18, for a total transaction of $201,744.00. Following the sale, the director now owns 586 shares in the company, valued at $147,777.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Super Micro Computer news, Director Robert L. Blair sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $252.18, for a total value of $201,744.00. Following the transaction, the director now owns 586 shares in the company, valued at approximately $147,777.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 961 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $243.62, for a total transaction of $234,118.82. Following the completion of the transaction, the director now owns 2,497 shares in the company, valued at approximately $608,319.14. The disclosure for this sale can be found here. Insiders have sold 91,880 shares of company stock worth $23,217,307 over the last 90 days. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Several large investors have recently made changes to their positions in SMCI. William Blair Investment Management LLC acquired a new position in Super Micro Computer in the 3rd quarter valued at approximately $140,751,000. Millennium Management LLC raised its holdings in Super Micro Computer by 379.5% in the 2nd quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock valued at $24,586,000 after acquiring an additional 482,230 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Super Micro Computer by 4,603.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company’s stock valued at $826,000 after acquiring an additional 461,808 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Super Micro Computer in the 2nd quarter valued at approximately $80,766,000. Finally, FMR LLC raised its holdings in Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after acquiring an additional 295,835 shares in the last quarter. Institutional investors own 72.75% of the company’s stock.

Super Micro Computer Company Profile

(Get Free Report

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.

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