Super Micro Computer, Inc. (NASDAQ:SMCI) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.
Other equities research analysts have also recently issued research reports about the company. Maxim Group reissued a “buy” rating and set a $43.00 target price (up previously from $40.00) on shares of Super Micro Computer in a report on Friday, April 28th. Stifel Nicolaus reissued a “hold” rating and set a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. BidaskClub raised Super Micro Computer from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $31.00 target price (down previously from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. Finally, Zacks Investment Research cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.29.
Shares of Super Micro Computer (SMCI) opened at 26.80 on Thursday. The company has a 50 day moving average price of $25.23 and a 200-day moving average price of $25.38. The firm has a market cap of $1.30 billion, a PE ratio of 23.49 and a beta of 0.14. Super Micro Computer has a 12-month low of $19.32 and a 12-month high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The company had revenue of $631.12 million for the quarter, compared to analysts’ expectations of $599.02 million. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts expect that Super Micro Computer will post $1.56 EPS for the current year.
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In other Super Micro Computer news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the transaction, the vice president now owns 3,137 shares of the company’s stock, valued at $76,385.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.10, for a total value of $144,600.00. Following the completion of the transaction, the director now directly owns 254,000 shares in the company, valued at approximately $6,121,400. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,000 shares of company stock worth $511,580. 23.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position 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 position 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 position 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 bought a new position in Super Micro Computer during the first quarter valued at about $207,000. Finally, Aperio Group LLC boosted its position in Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after buying an additional 68 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.
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.
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