Super Micro Computer (NASDAQ:SMCI) Cut to Sell at StockNews.com

StockNews.com cut shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a sell rating in a report issued on Tuesday.

SMCI has been the subject of several other reports. Bank of America upped their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a buy rating in a research note on Wednesday, March 13th. Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a report on Monday, March 25th. Rosenblatt Securities upped their target price on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a buy rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an overweight rating and a $1,150.00 price target for the company. Finally, Susquehanna upped their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of Moderate Buy and a consensus price target of $949.85.

Super Micro Computer Stock Up 6.3 %

Super Micro Computer stock opened at $761.86 on Tuesday. Super Micro Computer has a twelve month low of $93.19 and a twelve month high of $1,229.00. 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 firm has a market cap of $42.61 billion, a PE ratio of 59.47, a P/E/G ratio of 0.63 and a beta of 1.28. The firm’s 50 day moving average price is $954.67 and its two-hundred day moving average price is $558.04.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share 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 company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the firm earned $3.09 earnings per share. The business’s quarterly revenue was up 103.0% compared to the same quarter last year. On average, research analysts predict that Super Micro Computer will post 20.24 EPS for the current fiscal year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction 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 in the company, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 in the last three months. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sage Mountain Advisors LLC bought a new position in Super Micro Computer in the first quarter valued at about $451,000. Moody Lynn & Lieberson LLC bought a new position in shares of Super Micro Computer in the 1st quarter valued at about $328,000. WASHINGTON TRUST Co acquired a new stake in shares of Super Micro Computer during the 1st quarter worth approximately $204,000. Cigna Investments Inc. New acquired a new stake in shares of Super Micro Computer during the 1st quarter worth approximately $540,000. Finally, KLR Investment Advisors LLC bought a new stake in shares of Super Micro Computer during the first quarter worth approximately $327,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.