Super Micro Computer (NASDAQ:SMCI) Earns Outperform Rating from Analysts at Raymond James

Raymond James assumed coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report report published on Tuesday morning,Benzinga reports. The brokerage issued an outperform rating and a $41.00 price objective on the stock.

A number of other research firms also recently commented on SMCI. Needham & Company LLC reissued a “buy” rating and issued a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Wedbush reissued a “neutral” rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Rosenblatt Securities dropped their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Mizuho set a $34.00 price target on Super Micro Computer in a research note on Tuesday, May 6th. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $45.25.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $43.96 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market cap of $26.24 billion, a PE ratio of 22.07 and a beta of 1.36. The stock has a fifty day moving average price of $35.58 and a 200 day moving average price of $35.07. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Sell-side analysts forecast that Super Micro Computer will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of SMCI. Eastern Bank purchased a new position in shares of Super Micro Computer in the 1st quarter valued at $29,000. Trust Co. of Vermont lifted its stake in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of 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 buying an additional 893 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.