Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $53.00 Average PT from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given a consensus rating of “Hold” by the eighteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $53.00.

SMCI has been the subject of a number of research reports. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Rosenblatt Securities initiated coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price target for the company.

Super Micro Computer Stock Performance

Shares of SMCI opened at $33.48 on Friday. The firm’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $36.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $102.03. The firm has a market cap of $19.87 billion, a P/E ratio of 16.81 and a beta of 1.22.

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the 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 represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were 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. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont lifted its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust lifted its stake in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC boosted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the fourth quarter worth about $31,000. 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.