Northland Securities Increases Super Micro Computer (NASDAQ:SMCI) Price Target to $1,300.00

Super Micro Computer (NASDAQ:SMCI) had its price target upped by Northland Securities from $925.00 to $1,300.00 in a research note issued to investors on Monday, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

SMCI has been the subject of a number of other reports. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday. They set an overweight rating and a $1,150.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They set a neutral rating and a $941.00 price target for the company. Wedbush raised their price target on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Rosenblatt Securities raised their price target on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the stock a buy rating in a research report on Tuesday, February 20th. Finally, Barclays raised their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $865.23.

Super Micro Computer Stock Down 0.2 %

SMCI stock opened at $1,023.29 on Monday. The firm has a 50 day moving average of $820.17 and a 200 day moving average of $468.46. The stock has a market capitalization of $57.23 billion, a PE ratio of 79.88, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Super Micro Computer has a 52 week low of $93.19 and a 52 week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the business earned $3.09 EPS. Super Micro Computer’s revenue for the quarter was up 103.0% on a year-over-year basis. Sell-side analysts forecast that Super Micro Computer will post 19.66 earnings per share for the current year.

Insider Activity

In related news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $280.00, for a total value of $84,000.00. Following the completion of the sale, the director now owns 20,387 shares of the company’s stock, valued at approximately $5,708,360. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders sold a total of 35,289 shares of company stock valued at $30,197,681 in the last three months. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its stake in Super Micro Computer by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after purchasing an additional 18 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Super Micro Computer by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $229,000 after acquiring an additional 19 shares during the period. Virtus Fund Advisers LLC boosted its holdings in shares of Super Micro Computer by 11.9% in the fourth quarter. Virtus Fund Advisers LLC now owns 179 shares of the company’s stock valued at $51,000 after acquiring an additional 19 shares during the period. Allworth Financial LP boosted its holdings in shares of Super Micro Computer by 28.6% in the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 28 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Super Micro Computer by 29.5% during the fourth quarter. Blue Trust Inc. now owns 180 shares of the company’s stock worth $49,000 after purchasing an additional 41 shares during the period. 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.