Super Micro Computer (NASDAQ:SMCI) Given “Neutral” Rating at Wedbush

Wedbush restated their neutral rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Monday,Benzinga reports. Wedbush currently has a $30.00 price objective on the stock.

A number of other research analysts have also weighed in on SMCI. Raymond James Financial started coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They set an “outperform” rating on the stock. Mizuho lifted their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a “neutral” rating for the company. Barclays reaffirmed an “equal weight” rating and set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Finally, Citigroup reissued a “neutral” rating and issued a $52.00 price objective (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.89.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $58.23 on Monday. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $66.44. The company has a fifty day moving average of $47.99 and a 200-day moving average of $41.17. The firm has a market capitalization of $34.75 billion, a P/E ratio of 30.63, a P/E/G ratio of 2.76 and a beta of 1.46.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts anticipate that Super Micro Computer will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, the chief financial officer directly owned 88,599 shares in the company, valued at approximately $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 200,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $60.00, for a total value of $12,000,000.00. Following the sale, the chief executive officer directly owned 40,426,120 shares in the company, valued at $2,425,567,200. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,067,000 shares of company stock worth $53,949,340 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently bought and sold shares of SMCI. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company’s stock valued at $2,205,322,000 after purchasing an additional 2,415,276 shares during the period. FMR LLC bought a new stake in Super Micro Computer during the fourth quarter valued at $292,869,000. Invesco Ltd. grew its position in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Northern Trust Corp grew its position in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after buying an additional 4,605,260 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Super Micro Computer by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,771,630 shares of the company’s stock worth $129,141,000 after acquiring an additional 120,496 shares during the last quarter. Hedge funds and other 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.