Super Micro Computer (NASDAQ:SMCI) Given a $40.00 Price Target by Mizuho Analysts

Super Micro Computer (NASDAQ:SMCI) has been assigned a $40.00 price objective by stock analysts at Mizuho in a report released on Monday, MarketBeat reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential downside of 3.19% from the stock’s previous close.

A number of other brokerages have also recently commented on SMCI. Cfra raised shares of 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. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities assumed coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating for the company. Barclays restated an “equal weight” rating and issued a $34.00 target price on shares of Super Micro Computer in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $45.63.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $41.32 on Monday. The firm has a fifty day moving average price of $35.78 and a 200-day moving average price of $35.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market cap of $24.66 billion, a PE ratio of 20.74 and a beta of 1.36. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.66 earnings per share. Equities analysts anticipate that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold 204,473 shares of company stock worth $9,720,892 over the last 90 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 modified their holdings of the company. Vanguard Group Inc. grew its holdings in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC grew its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC purchased a new stake in Super Micro Computer in the fourth quarter valued at approximately $292,869,000. Invesco Ltd. grew its holdings in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp grew its holdings in Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.