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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $949.85.

A number of equities research analysts have weighed in on the company. Rosenblatt Securities lifted their price objective on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Argus began coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective on the stock. Susquehanna increased their price objective on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. KeyCorp assumed coverage on shares of Super Micro Computer in a research report on Wednesday. They set a “sector weight” rating on the stock. Finally, Wells Fargo & Company started coverage on shares of Super Micro Computer in a report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 price target for the company.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $787.40 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The business has a 50 day simple moving average of $947.82 and a 200-day simple moving average of $560.99. Super Micro Computer has a 12 month low of $93.34 and a 12 month high of $1,229.00. The stock has a market capitalization of $44.04 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28.

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

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The shares were 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 $10,846,980. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction 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 sale, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,989 shares of company stock valued at $30,113,681. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Super Micro Computer during the third quarter valued at approximately $55,943,000. Natixis Advisors L.P. increased its stake in Super Micro Computer by 31.4% in the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after purchasing an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. increased its stake in Super Micro Computer by 2.7% in the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Super Micro Computer by 154.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after buying an additional 2,870 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in Super Micro Computer by 26.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock worth $14,858,000 after buying an additional 11,342 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.