Loop Capital Boosts Super Micro Computer (NASDAQ:SMCI) Price Target to $100.00

Super Micro Computer (NASDAQ:SMCIGet Rating) had its target price raised by analysts at Loop Capital from $60.00 to $100.00 in a report issued on Wednesday, The Fly reports. Loop Capital’s price target points to a potential upside of 85.32% from the company’s current price.

Several other equities analysts also recently weighed in on SMCI. StockNews.com began coverage on Super Micro Computer in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, April 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $64.60.

Shares of NASDAQ:SMCI traded up $10.73 on Wednesday, hitting $53.96. The company had a trading volume of 23,612 shares, compared to its average volume of 313,706. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 1.91. Super Micro Computer has a 52-week low of $32.88 and a 52-week high of $47.99. The business has a 50 day moving average of $40.44. The firm has a market capitalization of $2.80 billion, a P/E ratio of 22.70 and a beta of 1.19.

Super Micro Computer (NASDAQ:SMCIGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.43. Super Micro Computer had a return on equity of 11.50% and a net margin of 3.00%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.39 earnings per share. The business’s revenue was up 51.3% on a year-over-year basis. On average, research analysts predict that Super Micro Computer will post 3.14 EPS for the current fiscal year.

In other news, CEO Charles Liang sold 5,388 shares of the firm’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $42.00, for a total value of $226,296.00. Following the transaction, the chief executive officer now directly owns 45,305 shares in the company, valued at approximately $1,902,810. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sherman Tuan sold 9,604 shares of the firm’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $39.00, for a total value of $374,556.00. The disclosure for this sale can be found here. Insiders have sold 54,604 shares of company stock worth $2,231,678 over the last quarter. 15.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Super Micro Computer by 6.0% in the 4th quarter. BlackRock Inc. now owns 3,169,548 shares of the company’s stock worth $139,303,000 after purchasing an additional 178,708 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Super Micro Computer by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,051 shares of the company’s stock worth $64,083,000 after purchasing an additional 63,259 shares during the period. Pzena Investment Management LLC grew its stake in shares of Super Micro Computer by 0.3% in the fourth quarter. Pzena Investment Management LLC now owns 1,408,690 shares of the company’s stock valued at $61,912,000 after buying an additional 4,084 shares in the last quarter. Wolf Hill Capital Management LP grew its stake in shares of Super Micro Computer by 24.8% in the fourth quarter. Wolf Hill Capital Management LP now owns 936,645 shares of the company’s stock valued at $41,166,000 after buying an additional 185,842 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 817,246 shares of the company’s stock valued at $35,917,000 after buying an additional 48,378 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.

Super Micro Computer Company Profile (Get Rating)

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 support and services.

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