Super Micro Computer (NASDAQ:SMCI) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research report report published on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a $1,300.00 price objective on the stock.

A number of other brokerages also recently issued reports on SMCI. Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an overweight rating and a $1,150.00 price target for the company. KeyCorp assumed coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a sector weight rating for the company. Susquehanna upped their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a report on Tuesday, January 30th. Finally, Wedbush reaffirmed a neutral rating and issued a $530.00 price objective on shares of Super Micro Computer in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Trading Down 14.0 %

SMCI opened at $738.30 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The firm has a market cap of $41.29 billion, a price-to-earnings ratio of 41.38, a PEG ratio of 0.77 and a beta of 1.34. Super Micro Computer has a 12 month low of $101.71 and a 12 month high of $1,229.00. The stock has a fifty day moving average price of $952.15 and a 200-day moving average price of $577.91.

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

Insider Activity

In related news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on 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 owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 ninety days. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after acquiring an additional 1,319,768 shares during the period. William Blair Investment Management LLC acquired a new position in Super Micro Computer in the 3rd quarter worth about $140,751,000. Norges Bank purchased a new position in Super Micro Computer during the fourth quarter worth approximately $95,211,000. FMR LLC grew its holdings in Super Micro Computer by 161.2% in the third 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 period. Finally, Wolf Hill Capital Management LP acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $77,996,000. 84.06% of the stock is owned by hedge funds and other 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.