Super Micro Computer (NASDAQ:SMCI) PT Raised to $530.00 at Wedbush

Super Micro Computer (NASDAQ:SMCIGet Free Report) had its target price raised by equities research analysts at Wedbush from $250.00 to $530.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Wedbush’s price objective would suggest a potential upside of 0.07% from the company’s current price.

Several other brokerages have also weighed in on SMCI. StockNews.com assumed coverage on shares of Super Micro Computer in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Barclays lifted their price objective on Super Micro Computer from $335.00 to $396.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Susquehanna upped their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday. Nomura Instinet started coverage on Super Micro Computer in a research report on Friday, October 20th. They set a “buy” rating and a $413.00 target price for the company. Finally, Nomura assumed coverage on Super Micro Computer in a research report on Friday, October 20th. They issued a “buy” rating and a $413.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Super Micro Computer presently has an average rating of “Moderate Buy” and a consensus price target of $465.88.

Read Our Latest Analysis on SMCI

Super Micro Computer Trading Up 3.2 %

Shares of SMCI opened at $529.61 on Tuesday. The stock’s 50-day moving average price is $327.32 and its 200 day moving average price is $294.82. The company has a quick ratio of 0.95, a current ratio of 2.23 and a debt-to-equity ratio of 0.05. Super Micro Computer has a 12-month low of $70.11 and a 12-month high of $554.44. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 48.81 and a beta of 1.13.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last issued its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 36.90% and a net margin of 7.92%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company posted $3.09 earnings per share. Super Micro Computer’s revenue was up 103.0% on a year-over-year basis. As a group, research analysts predict that Super Micro Computer will post 14.79 earnings per share for the current year.

Insider Activity

In related news, CFO David E. Weigand sold 16,072 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $249.60, for a total transaction of $4,011,571.20. Following the transaction, the chief financial officer now owns 13,464 shares in the company, valued at approximately $3,360,614.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO David E. Weigand sold 16,072 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $249.60, for a total value of $4,011,571.20. Following the completion of the transaction, the chief financial officer now owns 13,464 shares in the company, valued at approximately $3,360,614.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 50,000 shares of Super Micro Computer stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $252.18, for a total value of $12,609,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,666,417 shares of the company’s stock, valued at $1,681,137,039.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,881 shares of company stock worth $23,441,196. 17.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new stake in Super Micro Computer during the 3rd quarter worth $25,000. Global Retirement Partners LLC boosted its position in shares of Super Micro Computer by 3,333.3% in the 2nd quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Allworth Financial LP bought a new stake in Super Micro Computer in the third quarter valued at about $27,000. Optimum Investment Advisors acquired a new position in Super Micro Computer in the fourth quarter valued at about $28,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer during the fourth quarter worth about $30,000. Institutional investors own 72.75% of the company’s stock.

Super Micro Computer Company Profile

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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.

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