Susquehanna Raises Super Micro Computer (NASDAQ:SMCI) Price Target to $325.00

Super Micro Computer (NASDAQ:SMCI) had its target price lifted by Susquehanna from $285.00 to $325.00 in a report released on Monday morning, Benzinga reports. They currently have a negative rating on the stock.

SMCI has been the subject of several other research reports. Nomura Securities cut Super Micro Computer from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an overweight rating and a $1,150.00 price target for the company. Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a neutral rating in a report on Wednesday, May 1st. Northland Securities boosted their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a research note on Monday, March 25th. Finally, Wells Fargo & Company decreased their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an equal weight rating on the stock in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $999.92.

Super Micro Computer Trading Down 6.9 %

NASDAQ:SMCI opened at $816.31 on Monday. The firm has a 50 day moving average of $850.78 and a 200 day moving average of $797.64. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. Super Micro Computer has a 52 week low of $226.59 and a 52 week high of $1,229.00. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 0.57 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. As a group, sell-side analysts anticipate that Super Micro Computer will post 21.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock valued at $1,116,736 in the last quarter. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer during the fourth quarter worth about $30,000. FinTrust Capital Advisors LLC purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $33,000. Bank of New Hampshire acquired a new stake in Super Micro Computer during the 1st quarter worth approximately $35,000. VitalStone Financial LLC boosted its position in Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after buying an additional 25 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Super Micro Computer by 28.6% in the fourth quarter. Allworth Financial LP now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

About Super Micro Computer

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.