Stifel Nicolaus Reaffirms “Hold” Rating for Super Micro Computer, Inc. (NASDAQ:SMCI)

Stifel Nicolaus restated their hold rating on shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in a research note published on Friday. Stifel Nicolaus currently has a $30.00 price target on the technology company’s stock.

A number of other research firms also recently weighed in on SMCI. BidaskClub raised Super Micro Computer from a sell rating to a hold rating in a report on Thursday, July 13th. Maxim Group reaffirmed a buy rating and issued a $43.00 price objective (up previously from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $31.57.

Shares of Super Micro Computer (SMCI) remained flat at $26.40 during midday trading on Friday. The stock had a trading volume of 114,198 shares. The firm has a market cap of $1.29 billion, a PE ratio of 23.14 and a beta of 0.14. Super Micro Computer has a 52-week low of $18.60 and a 52-week high of $31.75. The firm’s 50-day moving average is $24.38 and its 200-day moving average is $25.75.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The company had revenue of $631.12 million for the quarter, compared to the consensus estimate of $599.02 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. Super Micro Computer’s revenue was up 18.5% on a year-over-year basis. Equities analysts predict that Super Micro Computer will post $1.63 earnings per share for the current fiscal year.

In related news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $24.35, for a total transaction of $48,700.00. Following the completion of the sale, the vice president now owns 3,137 shares in the company, valued at $76,385.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherman Tuan sold 10,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total value of $245,100.00. Following the sale, the director now owns 8,000 shares of the company’s stock, valued at approximately $196,080. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock valued at $511,580 in the last quarter. 24.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock valued at $105,000 after buying an additional 50 shares in the last quarter. US Bancorp DE boosted its stake in Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock valued at $154,000 after buying an additional 176 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock valued at $195,000 after buying an additional 755 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Super Micro Computer during the first quarter valued at about $207,000. Finally, Stevens Capital Management LP acquired a new stake in Super Micro Computer during the first quarter valued at about $213,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.

Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.