Super Micro Computer (NASDAQ:SMCI) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of Super Micro Computer (NASDAQ:SMCI) to a sell rating in a research report released on Thursday.

Several other research analysts also recently commented on SMCI. Mizuho set a $34.00 target price on shares of Super Micro Computer in a report on Tuesday. The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Rosenblatt Securities dropped their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $45.53.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $32.11 on Thursday. The company has a market cap of $19.16 billion, a P/E ratio of 16.12 and a beta of 1.36. The business has a 50 day moving average of $35.51 and a two-hundred day moving average of $35.34. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $101.40. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion during 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. As a group, analysts anticipate that Super Micro Computer will post 1.86 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. Blueshift Asset Management LLC lifted its holdings 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 worth $432,000 after buying an additional 4,532 shares during the period. Moors & Cabot Inc. lifted its position 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 worth $2,285,000 after purchasing an additional 27,463 shares during the period. US Bancorp DE increased its position in shares of 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 during the period. Harbour Investments Inc. raised its stake in Super Micro Computer by 779.0% in the first quarter. Harbour Investments Inc. now owns 23,646 shares of the company’s stock worth $810,000 after buying an additional 20,956 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Super Micro Computer by 62.3% in the first 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 period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.