Super Micro Computer (NASDAQ:SMCI) Shares Up 3.4% Following Analyst Upgrade

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 3.4% during trading on Tuesday after Loop Capital raised their price target on the stock from $600.00 to $1,500.00. Loop Capital currently has a buy rating on the stock. Super Micro Computer traded as high as $931.21 and last traded at $913.00. Approximately 2,115,414 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 9,869,750 shares. The stock had previously closed at $882.75.

Several other research analysts also recently commented on the company. Northland Securities raised their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective on the stock. Wedbush raised their price objective on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Bank of America raised their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Barclays raised their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Moderate Buy” and an average target price of $949.85.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on 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 owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock worth $30,113,681 in the last quarter. 17.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennessy Advisors Inc. boosted its holdings in shares of Super Micro Computer by 28.1% in the 3rd quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock worth $76,864,000 after purchasing an additional 61,500 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Super Micro Computer in the 3rd quarter worth approximately $55,943,000. Natixis Advisors L.P. boosted its holdings in shares of Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after purchasing an additional 4,118 shares during the period. Shilanski & Associates Inc. boosted its holdings in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after purchasing an additional 134 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Super Micro Computer by 154.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after purchasing an additional 2,870 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 10.6 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock has a market cap of $54.60 billion, a PE ratio of 76.21, a PEG ratio of 0.80 and a beta of 1.28. The stock has a fifty day moving average price of $946.77 and a 200 day moving average price of $539.27.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $3.09 EPS. Super Micro Computer’s quarterly revenue was up 103.0% compared to the same quarter last year. Equities analysts expect that Super Micro Computer, Inc. will post 20.24 EPS 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.