Super Micro Computer, Inc. (NASDAQ:SMCI) Given Average Rating of “Hold” by Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $52.57.

Several equities analysts recently commented on the company. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th.

Insider Activity at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated 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 owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last 90 days. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at approximately $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Super Micro Computer by 2,890.9% during 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 during the period. Larson Financial Group LLC lifted 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 acquiring an additional 893 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $42.17 on Monday. The firm has a market capitalization of $25.03 billion, a PE ratio of 21.17 and a beta of 1.21. The business’s fifty day moving average price is $38.01 and its 200 day moving average price is $37.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $114.78.

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.