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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $287.50.

A number of research analysts have issued reports on the stock. Loop Capital increased their target price on shares of Super Micro Computer from $325.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Wedbush raised shares of Super Micro Computer from an “underperform” rating to a “neutral” rating and set a $250.00 price target for the company in a report on Wednesday, August 23rd. Susquehanna upped their price target on shares of Super Micro Computer from $90.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, August 10th. Northland Securities upped their price target on shares of Super Micro Computer from $300.00 to $345.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $375.00 price target on shares of Super Micro Computer in a report on Tuesday, August 8th.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 963 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total value of $316,875.15. Following the completion of the transaction, the chief executive officer now owns 1,827 shares of the company’s stock, valued at approximately $601,174.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Super Micro Computer news, Director Shiu Leung Chan purchased 4,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $265.57 per share, with a total value of $1,062,280.00. Following the completion of the purchase, the director now owns 40,917 shares of the company’s stock, valued at $10,866,327.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Charles Liang sold 963 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $329.05, for a total transaction of $316,875.15. Following the transaction, the chief executive officer now directly owns 1,827 shares of the company’s stock, valued at approximately $601,174.35. The disclosure for this sale can be found here. Insiders sold a total of 10,091 shares of company stock valued at $2,815,408 in the last quarter. 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. Global Retirement Partners LLC increased its position in shares of Super Micro Computer by 3,333.3% during the second quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. IFP Advisors Inc increased its position in shares of Super Micro Computer by 536.4% during the second quarter. IFP Advisors Inc now owns 1,400 shares of the company’s stock worth $34,000 after buying an additional 1,180 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $35,000. FNY Investment Advisers LLC acquired a new stake in shares of Super Micro Computer during the second quarter worth $38,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Super Micro Computer during the first quarter worth $46,000. Institutional investors own 72.75% of the company’s stock.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $270.96 on Thursday. The company’s 50 day moving average price is $286.18 and its two-hundred day moving average price is $199.09. Super Micro Computer has a 12-month low of $50.28 and a 12-month high of $357.00. The firm has a market cap of $14.33 billion, a PE ratio of 23.66 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 2.31 and a debt-to-equity ratio of 0.06.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 8th. The company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.22. Super Micro Computer had a net margin of 8.98% and a return on equity of 35.13%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Equities research analysts predict that Super Micro Computer will post 14.37 earnings per share for the current year.

About Super Micro Computer

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.