Super Micro Computer (NASDAQ:SMCI) Cut to “Sell” at StockNews.com

Super Micro Computer (NASDAQ:SMCI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other research firms have also issued reports on SMCI. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Rosenblatt Securities upped their price objective on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wells Fargo & Company started coverage on Super Micro Computer in a research note on Friday, February 16th. They issued an “equal weight” rating and a $960.00 price objective on the stock. Northland Securities upped their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, Wedbush upped their price objective on Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $949.85.

Super Micro Computer Stock Up 6.3 %

Shares of Super Micro Computer stock traded up $44.84 during trading on Tuesday, reaching $761.86. The stock had a trading volume of 8,302,985 shares, compared to its average volume of 9,896,123. The company has a market capitalization of $42.61 billion, a price-to-earnings ratio of 59.47, a P/E/G ratio of 0.63 and a beta of 1.28. The stock has a fifty day moving average price of $954.67 and a two-hundred day moving average price of $558.04. Super Micro Computer has a 52 week low of $93.19 and a 52 week high of $1,229.00. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI) last issued 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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company’s quarterly revenue was up 103.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.09 earnings per share. Sell-side analysts predict that Super Micro Computer will post 20.24 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 over the last 90 days. 17.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sage Mountain Advisors LLC bought a new stake in Super Micro Computer during the first quarter worth $451,000. Moody Lynn & Lieberson LLC bought a new stake in Super Micro Computer during the first quarter worth $328,000. WASHINGTON TRUST Co bought a new stake in Super Micro Computer during the first quarter worth $204,000. Cigna Investments Inc. New bought a new stake in Super Micro Computer during the first quarter worth $540,000. Finally, KLR Investment Advisors LLC bought a new stake in Super Micro Computer during the first quarter worth $327,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Company Profile

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.