Northland Securities Increases Super Micro Computer (NASDAQ:SMCI) Price Target to $97.00

Super Micro Computer (NASDAQ:SMCI – Get Rating) had its price target boosted by equities researchers at Northland Securities from $85.00 to $97.00 in a research note issued to investors on Thursday, The Fly reports. Northland Securities’ target price would indicate a potential upside of 91.25% from the stock’s current price.

SMCI has been the topic of a number of other research reports. StockNews.com began coverage on Super Micro Computer in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Loop Capital boosted their price objective on Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday, May 4th.

Super Micro Computer Stock Down 1.8 %

Shares of SMCI opened at $50.72 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 1.79. Super Micro Computer has a one year low of $33.48 and a one year high of $58.34. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 14.79 and a beta of 1.24. The stock has a 50 day moving average price of $46.30 and a 200 day moving average price of $43.29.

Super Micro Computer (NASDAQ:SMCI – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.27 by $0.18. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Super Micro Computer had a return on equity of 15.92% and a net margin of 3.96%. The firm’s revenue for the quarter was up 51.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. Equities research analysts forecast that Super Micro Computer will post 4.04 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $51.95, for a total value of $519,500.00. Following the transaction, the director now owns 24,889 shares of the company’s stock, valued at approximately $1,292,983.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several large investors have recently modified their holdings of the business. Great West Life Assurance Co. Can increased its holdings in Super Micro Computer by 21.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock worth $114,000 after purchasing an additional 493 shares during the period. Fairfield Bush & CO. purchased a new stake in Super Micro Computer during the 1st quarter worth about $126,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Super Micro Computer by 68.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,700 shares of the company’s stock worth $163,000 after purchasing an additional 1,500 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Super Micro Computer during the 4th quarter worth about $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Super Micro Computer by 10.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,815 shares of the company’s stock valued at $183,000 after acquiring an additional 459 shares during the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.

Super Micro Computer Company Profile

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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 support and services.