Super Micro Computer (NASDAQ:SMCI) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

SMCI has been the topic of several other reports. The Goldman Sachs Group dropped their target price on Super Micro Computer from $937.00 to $800.00 and set a neutral rating on the stock in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a report on Monday, March 25th. They set an overweight rating and a $1,150.00 target price on the stock. Bank of America lifted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a buy rating in a report on Wednesday, March 13th. Wells Fargo & Company dropped their price objective on Super Micro Computer from $960.00 to $890.00 and set an equal weight rating on the stock in a report on Wednesday. Finally, Wedbush lifted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a neutral rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $782.70 on Wednesday. The company has a market cap of $43.78 billion, a P/E ratio of 43.87, a PEG ratio of 0.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.19 and a current ratio of 4.69. Super Micro Computer has a one year low of $131.06 and a one year high of $1,229.00. The business’s 50-day simple moving average is $946.34 and its 200 day simple moving average is $582.60.

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of the business’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 value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of the business’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 value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New Hampshire acquired a new position in Super Micro Computer during the 1st quarter worth $35,000. Larson Financial Group LLC boosted its position in Super Micro Computer by 186.7% during the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after acquiring an additional 28 shares during the period. Versant Capital Management Inc boosted its position in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares during the period. Silicon Valley Capital Partners acquired a new position in Super Micro Computer during the 1st quarter worth $51,000. Finally, Retirement Group LLC boosted its position in Super Micro Computer by 75.0% during the 1st quarter. Retirement Group LLC now owns 56 shares of the company’s stock worth $57,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.