Super Micro Computer (NASDAQ:SMCI) Upgraded by StockNews.com to Hold

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

Other equities research analysts have also issued research reports about the company. Wedbush lifted their target price on Super Micro Computer from $530.00 to $800.00 and gave the company a neutral rating in a research report on Wednesday. Susquehanna lifted their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a research report on Tuesday, January 30th. Argus started coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a buy rating and a $1,350.00 target price on the stock. Loop Capital lifted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, Bank of America lifted their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a buy rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Trading Up 2.6 %

NASDAQ:SMCI opened at $782.70 on Wednesday. Super Micro Computer has a fifty-two week low of $131.06 and a fifty-two week high of $1,229.00. 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 stock has a market capitalization of $43.78 billion, a PE ratio of 43.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The business’s 50-day simple moving average is $947.89 and its 200-day simple moving average is $579.19.

Insider Buying and Selling

In related news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Sherman Tuan sold 5,000 shares of the business’s 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 transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,252 shares of company stock valued at $29,950,223. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. Asset Management One Co. Ltd. boosted its stake in Super Micro Computer by 1,104.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,377 shares of the company’s stock valued at $5,039,000 after purchasing an additional 16,851 shares during the period. Commonwealth Equity Services LLC boosted its stake in Super Micro Computer by 122.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,440 shares of the company’s stock valued at $2,589,000 after purchasing an additional 5,192 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Super Micro Computer in the 3rd quarter valued at $3,154,000. Cambridge Investment Research Advisors Inc. boosted its stake in Super Micro Computer by 61.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,871 shares of the company’s stock valued at $3,529,000 after purchasing an additional 4,915 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Super Micro Computer by 630.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 25,046 shares of the company’s stock valued at $6,868,000 after purchasing an additional 21,615 shares during the period. 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.