Super Micro Computer (NASDAQ:SMCI – Get Rating) had its price objective raised by Northland Securities from $165.00 to $175.00 in a research note published on Wednesday, The Fly reports. Northland Securities currently has an outperform rating on the stock.
A number of other research firms also recently weighed in on SMCI. StockNews.com started coverage on shares of Super Micro Computer in a report on Wednesday, October 12th. They set a hold rating on the stock. Wedbush raised their target price on Super Micro Computer from $55.00 to $65.00 and gave the company a neutral rating in a report on Wednesday, November 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $90.00.
Get Super Micro Computer alerts:Super Micro Computer Stock Performance
Shares of SMCI stock opened at $79.74 on Wednesday. Super Micro Computer has a fifty-two week low of $34.11 and a fifty-two week high of $95.22. The stock's 50-day moving average is $82.31 and its two-hundred day moving average is $70.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.13 and a quick ratio of 0.85. The firm has a market cap of $4.22 billion, a P/E ratio of 7.58 and a beta of 1.39.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.01 by $0.34. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.80 billion. Super Micro Computer had a return on equity of 39.94% and a net margin of 8.70%. Analysts predict that Super Micro Computer will post 8.93 earnings per share for the current fiscal year.Insider Buying and Selling
In other Super Micro Computer news, CEO Charles Liang sold 43,772 shares of the company's stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $71.26, for a total transaction of $3,119,192.72. Following the completion of the sale, the chief executive officer now directly owns 6,722,717 shares in the company, valued at $479,060,813.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Shiu Leung Chan acquired 1,000 shares of the stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $76.00 per share, for a total transaction of $76,000.00. Following the completion of the purchase, the director now owns 11,975 shares in the company, valued at approximately $910,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Liang sold 43,772 shares of the business's stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $71.26, for a total transaction of $3,119,192.72. Following the transaction, the chief executive officer now directly owns 6,722,717 shares in the company, valued at approximately $479,060,813.42. The disclosure for this sale can be found here. Insiders have sold 99,351 shares of company stock worth $7,689,504 in the last quarter. 14.50% of the stock is currently owned by company insiders.
Institutional Trading of Super Micro Computer
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Super Micro Computer by 4.3% during the third quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company's stock valued at $265,007,000 after buying an additional 197,980 shares during the last quarter. BlackRock Inc. raised its holdings in Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock valued at $131,163,000 after acquiring an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Super Micro Computer by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,943,248 shares of the company's stock worth $107,014,000 after acquiring an additional 95,215 shares during the period. State Street Corp grew its holdings in shares of Super Micro Computer by 3.7% during the 3rd quarter. State Street Corp now owns 916,541 shares of the company's stock worth $50,474,000 after purchasing an additional 32,533 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Super Micro Computer by 12.3% during the third quarter. Nuveen Asset Management LLC now owns 617,879 shares of the company's stock valued at $34,027,000 after purchasing an additional 67,674 shares during the period. 73.08% of the stock is currently owned by institutional investors and hedge funds.
About Super Micro Computer
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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.
Further Reading
- Get a free copy of the StockNews.com research report on Super Micro Computer (SMCI)
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