Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $52.57 Average Price Target from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received an average recommendation of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $52.57.

A number of research firms recently commented on SMCI. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Rosenblatt Securities began coverage on Super Micro Computer in a research note on Monday, March 10th. They set a “buy” rating and a $60.00 target price for the company.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $31,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Up 5.8 %

SMCI stock opened at $40.10 on Monday. The company has a market cap of $23.80 billion, a PE ratio of 20.13 and a beta of 1.21. The business has a 50-day simple moving average of $38.34 and a 200 day simple moving average of $37.88. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $110.61. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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.