Super Micro Computer (NASDAQ:SMCI) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a report published on Friday morning, Marketbeat.com reports. The firm issued a neutral rating and a $39.00 target price on the stock.

SMCI has been the subject of several other research reports. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price target for the company. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note 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. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.67.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $36.47 on Friday. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $101.40. The stock has a 50-day simple moving average of $38.37 and a 200 day simple moving average of $36.06. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of 18.31 and a beta of 1.22.

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of SMCI. Parkside Financial Bank & Trust lifted its holdings in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the fourth quarter worth $30,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of Super Micro Computer in the 1st quarter valued at $34,000. Institutional investors 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.