Super Micro Computer (NASDAQ:SMCI) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other brokerages have also issued reports on SMCI. Northland Securities boosted their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a report on Monday, March 25th. KeyCorp began coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a sector weight rating on the stock. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a neutral rating on the stock in a report on Wednesday. Argus initiated coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a buy rating and a $1,350.00 target price on the stock. Finally, Loop Capital upped their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a buy rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $954.38.

Super Micro Computer Trading Up 2.6 %

Shares of Super Micro Computer stock opened at $782.70 on Wednesday. The firm has a market capitalization of $43.78 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 1.19. The company’s fifty day moving average price is $946.34 and its two-hundred day moving average price is $582.60. Super Micro Computer has a 52-week low of $131.06 and a 52-week high of $1,229.00.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Super Micro Computer during the 3rd quarter valued at about $27,000. Optimum Investment Advisors bought a new position in Super Micro Computer during the 4th quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $33,000. Finally, Bank of New Hampshire acquired a new stake in Super Micro Computer in the first quarter worth $35,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.