Shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) 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
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 – Get Free Report) 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.
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