Super Micro Computer’s (SMCI) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research report released on Wednesday morning, Benzinga reports. They currently have a $1,300.00 target price on the stock.

Several other brokerages have also commented on SMCI. Wedbush restated a neutral rating and issued a $530.00 price objective on shares of Super Micro Computer in a report on Wednesday, April 24th. Bank of America raised their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a buy rating in a research report on Wednesday, March 13th. KeyCorp assumed coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They issued a sector weight rating on the stock. Loop Capital lifted their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, StockNews.com lowered shares of Super Micro Computer from a hold rating to a sell rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Stock Down 14.0 %

Shares of NASDAQ SMCI opened at $738.30 on Wednesday. The firm’s fifty day moving average is $952.15 and its 200 day moving average is $577.91. Super Micro Computer has a 52 week low of $101.71 and a 52 week high of $1,229.00. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market cap of $41.29 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 0.77 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 43.62% and a net margin of 8.88%. Super Micro Computer’s quarterly revenue was up 103.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.09 EPS. On average, equities research analysts expect that Super Micro Computer will post 19.87 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred 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 owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders sold 34,252 shares of company stock valued at $29,950,223 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently added to or reduced their stakes in the stock. Lewis Asset Management LLC bought a new position in shares of Super Micro Computer during the 1st quarter valued at $247,000. Rockline Wealth Management LLC purchased a new stake in Super Micro Computer during the first quarter valued at $201,000. Capstone Investment Advisors LLC lifted its holdings in Super Micro Computer by 466.3% in the first quarter. Capstone Investment Advisors LLC now owns 8,614 shares of the company’s stock valued at $8,700,000 after acquiring an additional 7,093 shares during the period. Janney Montgomery Scott LLC boosted its position in Super Micro Computer by 6.4% in the first quarter. Janney Montgomery Scott LLC now owns 10,279 shares of the company’s stock worth $10,382,000 after purchasing an additional 620 shares during the last quarter. Finally, Peterson Wealth Services grew its stake in shares of Super Micro Computer by 114.1% during the 1st quarter. Peterson Wealth Services now owns 1,507 shares of the company’s stock valued at $1,522,000 after purchasing an additional 803 shares during the period. 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.