Wedbush Increases Super Micro Computer (NASDAQ:SMCI) Price Target to $800.00

Super Micro Computer (NASDAQ:SMCI) had its target price hoisted by Wedbush from $530.00 to $800.00 in a report issued on Wednesday morning, Benzinga reports. Wedbush currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Bank of America raised their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a buy rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an overweight rating and a $1,150.00 price target for the company. Argus assumed coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They issued a buy rating and a $1,350.00 price target for the company. Northland Securities lifted their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a research report on Monday, March 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They issued a neutral rating and a $941.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $954.38.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $782.70 on Wednesday. The company has a market cap of $43.78 billion, a price-to-earnings ratio of 43.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. Super Micro Computer has a 52 week low of $131.06 and a 52 week high of $1,229.00. The company has a quick ratio of 1.19, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $947.89 and a 200-day moving average of $579.19.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sherman Tuan sold 5,000 shares of the business’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 sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock worth $29,950,223 in the last ninety days. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New Hampshire bought a new stake in Super Micro Computer in the 1st quarter valued at about $35,000. Larson Financial Group LLC grew its holdings in Super Micro Computer by 186.7% during the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after buying an additional 28 shares in the last quarter. Versant Capital Management Inc grew its holdings in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in Super Micro Computer during the 1st quarter valued at about $51,000. Finally, Retirement Group LLC grew its holdings in Super Micro Computer by 75.0% during the 1st quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after buying an additional 24 shares in the last quarter. 84.06% of the stock is currently owned by 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.