Super Micro Computer (NASDAQ:SMCI) Now Covered by Raymond James

Research analysts at Raymond James initiated coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued on Tuesday,Benzinga reports. The brokerage set an “outperform” rating and a $41.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 11.65% from the company’s previous close.

SMCI has been the topic of a number of other research reports. Mizuho set a $34.00 price objective on Super Micro Computer in a research report on Tuesday, May 6th. The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday, May 7th. They set a “neutral” rating for the company. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, Barclays reiterated an “equal weight” rating and set a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.25.

Super Micro Computer Price Performance

Shares of SMCI traded up $3.20 during trading hours on Tuesday, hitting $36.72. 15,254,062 shares of the company were exchanged, compared to its average volume of 64,164,727. The company has a market capitalization of $21.91 billion, a PE ratio of 18.43 and a beta of 1.36. Super Micro Computer has a one year low of $17.25 and a one year high of $101.40. 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 firm has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $35.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (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 company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last ninety days. 17.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eastern Bank purchased a new position in Super Micro Computer during the first quarter worth about $29,000. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the fourth quarter valued at $30,000. Trust Co. of Vermont lifted its holdings in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Institutional investors and hedge funds 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.