ValuEngine upgraded shares of Super Micro Computer, Inc. (NASDAQ:SMCI) from a hold rating to a buy rating in a report issued on Wednesday, July 19th.
A number of other research firms have also recently issued reports on SMCI. Stifel Nicolaus restated a hold rating and set a $30.00 price target on shares of Super Micro Computer in a report on Friday, July 14th. BidaskClub upgraded shares of Super Micro Computer from a sell rating to a hold rating in a research note on Thursday, July 13th. Finally, Maxim Group reiterated a buy rating and issued a $43.00 target price (up previously from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Super Micro Computer presently has a consensus rating of Buy and a consensus price target of $31.29.
Shares of Super Micro Computer (NASDAQ:SMCI) traded down 0.18% during trading on Wednesday, hitting $27.30. The stock had a trading volume of 90,713 shares. The stock’s 50 day moving average is $25.93 and its 200-day moving average is $25.29. Super Micro Computer has a 12-month low of $20.77 and a 12-month high of $31.75. The company has a market cap of $1.33 billion, a PE ratio of 20.37 and a beta of 0.17.
Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. During the same period in the prior year, the company earned $0.20 earnings per share. The business’s quarterly revenue was up 36.9% compared to the same quarter last year. Analysts forecast that Super Micro Computer will post $1.98 earnings per share for the current year.
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In other news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were 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 of the company’s stock, valued at $76,385.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sherman Tuan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total transaction of $245,100.00. Following the sale, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $196,080. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $487,510. Corporate insiders own 24.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Super Micro Computer during the fourth quarter worth $1,334,000. State Street Corp raised its stake in shares of Super Micro Computer by 7.1% in the fourth quarter. State Street Corp now owns 818,290 shares of the technology company’s stock worth $22,953,000 after buying an additional 54,076 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Super Micro Computer by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,000 shares of the technology company’s stock worth $561,000 after buying an additional 670 shares in the last quarter. Norges Bank bought a new stake in shares of Super Micro Computer during the fourth quarter worth $11,432,000. Finally, Teachers Advisors LLC raised its stake in shares of Super Micro Computer by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 87,001 shares of the technology company’s stock worth $2,440,000 after buying an additional 2,979 shares in the last quarter. 72.25% of the stock is owned by institutional investors and hedge funds.
About Super Micro Computer
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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