Wedbush Raises Super Micro Computer (NASDAQ:SMCI) Price Target to $800.00

Super Micro Computer (NASDAQ:SMCI) had its price objective hoisted by Wedbush from $530.00 to $800.00 in a research note released on Wednesday, Benzinga reports. Wedbush currently has a neutral rating on the stock.

A number of other research analysts also recently weighed in on the stock. Northland Securities raised their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a report on Monday, March 25th. Susquehanna raised their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a research note on Tuesday, January 30th. StockNews.com lowered shares of Super Micro Computer from a hold rating to a sell rating in a research note on Tuesday, April 23rd. Loop Capital raised their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Finally, KeyCorp initiated coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a sector weight rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of Moderate Buy and a consensus target price of $954.38.

Super Micro Computer Stock Up 2.6 %

Super Micro Computer stock opened at $782.70 on Wednesday. The company has a market capitalization of $43.78 billion, a P/E ratio of 43.84, a P/E/G ratio of 0.67 and a beta of 1.34. The firm’s fifty day simple moving average is $947.89 and its 200-day simple moving average is $579.19. The company has a current ratio of 4.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.35. Super Micro Computer has a 1-year low of $131.06 and a 1-year high of $1,229.00.

Insiders Place Their Bets

In other news, Director Sherman Tuan sold 5,000 shares of the firm’s 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 completion of the transaction, the director now directly 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 this hyperlink. In related 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 transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer 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 directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock worth $29,950,223 in the last ninety days. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. International Assets Investment Management LLC lifted its holdings in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC bought a new position in Super Micro Computer during the 3rd quarter valued at about $140,751,000. Norges Bank bought a new position in Super Micro Computer during the 4th quarter valued at about $95,211,000. FMR LLC lifted its holdings in Super Micro Computer by 161.2% during the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new position in Super Micro Computer during the 4th quarter valued at about $77,996,000. 84.06% of the stock is owned by institutional investors.

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.