Super Micro Computer (NASDAQ:SMCI) Receives “Neutral” Rating from Wedbush

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “neutral” rating reissued by equities researchers at Wedbush in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $30.00 target price on the stock, down from their previous target price of $40.00. Wedbush’s price objective indicates a potential downside of 6.57% from the stock’s previous close.

A number of other research firms have also issued reports on SMCI. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Citigroup assumed coverage on shares of Super Micro Computer in a research note on Tuesday. They set a “neutral” rating and a $39.00 price objective on the stock. Barclays restated an “equal weight” rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.53.

Super Micro Computer Stock Down 1.1 %

SMCI stock opened at $32.11 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company’s 50 day simple moving average is $35.51 and its 200-day simple moving average is $35.34. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $101.40. The firm has a market capitalization of $19.16 billion, a PE ratio of 16.12 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. Super Micro Computer’s quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts expect that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last three months. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blueshift Asset Management LLC boosted its position in Super Micro Computer by 56.1% in the 1st quarter. Blueshift Asset Management LLC now owns 12,613 shares of the company’s stock valued at $432,000 after buying an additional 4,532 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Super Micro Computer by 69.9% in the 1st quarter. Moors & Cabot Inc. now owns 66,733 shares of the company’s stock valued at $2,285,000 after purchasing an additional 27,463 shares in the last quarter. US Bancorp DE raised its stake in Super Micro Computer by 36.2% during the first quarter. US Bancorp DE now owns 39,307 shares of the company’s stock valued at $1,346,000 after buying an additional 10,444 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Super Micro Computer by 779.0% during the 1st quarter. Harbour Investments Inc. now owns 23,646 shares of the company’s stock valued at $810,000 after acquiring an additional 20,956 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Super Micro Computer by 62.3% in the 1st quarter. Natixis Advisors LLC now owns 16,612 shares of the company’s stock worth $569,000 after buying an additional 6,379 shares during the last quarter. 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.