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 released on Wednesday morning.

SMCI has been the subject of several other reports. Wedbush upped their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a neutral rating in a report on Wednesday. Barclays increased their price objective on Super Micro Computer from $691.00 to $961.00 and gave the company an overweight rating in a report on Tuesday, February 13th. The Goldman Sachs Group decreased their price objective on Super Micro Computer from $937.00 to $800.00 and set a neutral rating for the company in a report on Wednesday. KeyCorp assumed coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a sector weight rating for the company. Finally, Susquehanna increased their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has an average rating of Moderate Buy and an average target price of $954.38.

Super Micro Computer Stock Down 14.0 %

Shares of NASDAQ:SMCI opened at $738.30 on Wednesday. The company has a fifty day moving average of $952.15 and a 200-day moving average of $577.91. The company has a market capitalization of $41.29 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer has a 52-week low of $101.71 and a 52-week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 43.62%. The company’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.09 earnings per share. On average, equities analysts predict that Super Micro Computer will post 19.87 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The shares were 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 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 is available through the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now 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 is available through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock valued at $29,950,223 in the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the business. Bank of New Hampshire bought a new position in Super Micro Computer in the 1st quarter valued at about $35,000. Versant Capital Management Inc lifted its position in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after acquiring an additional 15 shares in the last quarter. Silicon Valley Capital Partners bought a new position in Super Micro Computer in the 1st quarter valued at about $51,000. Retirement Group LLC lifted its position in Super Micro Computer by 75.0% in the 1st quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after acquiring an additional 24 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd bought a new position in Super Micro Computer in the 1st quarter valued at about $61,000. 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.