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

Super Micro Computer (NASDAQ:SMCI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other equities analysts have also issued reports about the company. Bank of America boosted their price target on 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. Argus began coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price for the company. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Wedbush boosted their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, KeyCorp began coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating for the company. Two analysts have 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. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $954.38.

Super Micro Computer Trading Up 0.4 %

NASDAQ:SMCI opened at $822.64 on Thursday. The business’s 50-day moving average is $944.79 and its two-hundred day moving average is $594.69. The firm has a market capitalization of $46.01 billion, a PE ratio of 46.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. Super Micro Computer has a 12 month low of $131.06 and a 12 month high of $1,229.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Insiders Place Their Bets

In other news, SVP Don W. Clegg sold 28,727 shares of the business’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 value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly 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 have sold a total of 34,252 shares of company stock valued at $29,950,223 in the last quarter. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Super Micro Computer during the 3rd quarter valued at about $140,751,000. Norges Bank acquired a new position in Super Micro Computer during the 4th quarter valued at about $95,211,000. FMR LLC grew its position in Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after purchasing an additional 295,835 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $77,996,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.