Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Consensus Rating of “Hold” from Brokerages

Super Micro Computer, Inc. (NASDAQ:SMCI) has earned an average recommendation of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $53.00.

Several equities research analysts have recently weighed in on SMCI shares. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. Barclays assumed coverage on shares of Super Micro Computer in a research note on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th.

Insider Transactions at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Several large investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its holdings in Super Micro Computer by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 6,560 shares of the company’s stock worth $2,732,000 after buying an additional 1,736 shares during the period. M&T Bank Corp lifted its stake in Super Micro Computer by 142.6% in the third quarter. M&T Bank Corp now owns 2,681 shares of the company’s stock worth $1,117,000 after acquiring an additional 1,576 shares during the period. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares in the last quarter. Sanctuary Advisors LLC increased its position in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares during the period. Finally, World Investment Advisors LLC increased its position in Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $33.68 on Friday. The stock has a fifty day moving average of $40.08 and a 200-day moving average of $36.97. The stock has a market cap of $19.99 billion, a PE ratio of 16.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $102.03.

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.