Super Micro Computer (NASDAQ:SMCI) PT Raised to $1,500.00 at Loop Capital

Super Micro Computer (NASDAQ:SMCI) had its target price upped by Loop Capital from $600.00 to $1,500.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

SMCI has been the topic of several other reports. Northland Securities boosted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a report on Monday, March 25th. Argus assumed coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a buy rating and a $1,350.00 price target on the stock. Wedbush upped their price target on Super Micro Computer from $250.00 to $530.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Wells Fargo & Company assumed coverage on Super Micro Computer in a report on Friday, February 16th. They set an equal weight rating and a $960.00 price target on the stock. Finally, Susquehanna upped their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $949.85.

Super Micro Computer Price Performance

SMCI opened at $976.30 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer has a 52-week low of $93.19 and a 52-week high of $1,229.00. The stock has a market capitalization of $54.60 billion, a PE ratio of 76.21, a price-to-earnings-growth ratio of 0.80 and a beta of 1.28. The stock’s 50 day moving average price is $946.77 and its 200-day moving average price is $539.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the company posted $3.09 earnings per share. The firm’s revenue was up 103.0% on a year-over-year basis. On average, equities research analysts predict that Super Micro Computer will post 20.24 EPS for the current year.

Insider Activity at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,989 shares of company stock worth $30,113,681. 17.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its stake in shares of Super Micro Computer by 14.4% in the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after buying an additional 13 shares during the period. Versant Capital Management Inc raised its stake in shares of Super Micro Computer by 42.9% in the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Super Micro Computer by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after buying an additional 18 shares during the period. EverSource Wealth Advisors LLC raised its stake in Super Micro Computer by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $229,000 after purchasing an additional 19 shares during the period. Finally, Virtus Fund Advisers LLC raised its stake in Super Micro Computer by 11.9% during the 4th quarter. Virtus Fund Advisers LLC now owns 179 shares of the company’s stock valued at $51,000 after purchasing an additional 19 shares during the period. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.