Mizuho Cuts Super Micro Computer (NASDAQ:SMCI) Price Target to $34.00

Super Micro Computer (NASDAQ:SMCI) had its target price decreased by Mizuho from $50.00 to $34.00 in a report released on Wednesday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on SMCI. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Barclays initiated coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Finally, StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $48.73.

Super Micro Computer Trading Up 3.0 %

Shares of NASDAQ:SMCI opened at $33.71 on Wednesday. The stock has a 50 day moving average of $36.34 and a 200 day moving average of $35.76. The company has a market cap of $20.12 billion, a PE ratio of 16.92 and a beta of 1.22. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $101.40. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the company’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 sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last three months. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

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