Super Micro Computer (NASDAQ:SMCI) Given New $800.00 Price Target at The Goldman Sachs Group

Super Micro Computer (NASDAQ:SMCI) had its price objective decreased by The Goldman Sachs Group from $937.00 to $800.00 in a research note released on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on SMCI. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a buy rating and a $1,350.00 target price for the company. Wedbush raised their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a neutral rating in a report on Wednesday. Northland Securities raised 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 report on Monday, March 25th. StockNews.com cut shares of Super Micro Computer from a hold rating to a sell rating in a report on Tuesday, April 23rd. Finally, Rosenblatt Securities reissued a buy rating and set a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $954.38.

Super Micro Computer Trading Up 2.6 %

Shares of Super Micro Computer stock opened at $782.70 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 1.19. The firm has a fifty day moving average price of $947.89 and a 200 day moving average price of $579.19. Super Micro Computer has a 1 year low of $131.06 and a 1 year high of $1,229.00. The stock has a market cap of $43.78 billion, a PE ratio of 43.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34.

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was 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 in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold a total of 34,252 shares of company stock worth $29,950,223 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in Super Micro Computer during the third quarter worth about $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer during the fourth quarter worth about $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer during the fourth quarter worth about $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer during the fourth quarter worth about $33,000. Finally, Bank of New Hampshire purchased a new position in Super Micro Computer during the first quarter worth about $35,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.