Super Micro Computer (NASDAQ:SMCI) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Wednesday, Benzinga reports. Rosenblatt Securities currently has a $1,300.00 price objective on the stock.

A number of other equities analysts also recently commented on SMCI. Susquehanna upped their target price on Super Micro Computer from $285.00 to $325.00 and gave the company a negative rating in a report on Monday, July 15th. Nomura Securities cut shares of Super Micro Computer from a strong-buy rating to a hold rating in a research report on Wednesday, July 10th. Nomura cut shares of Super Micro Computer from a buy rating to a neutral rating and set a $930.00 price target on the stock. in a research report on Wednesday, July 10th. The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a neutral rating for the company in a report on Wednesday, May 1st. Finally, Wells Fargo & Company reduced their target price on Super Micro Computer from $960.00 to $890.00 and set an equal weight rating on the stock in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $911.85.

Super Micro Computer Stock Up 3.5 %

Shares of Super Micro Computer stock traded up $17.24 on Wednesday, hitting $509.94. The company had a trading volume of 11,729,347 shares, compared to its average volume of 8,298,002. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The stock has a 50 day moving average of $799.08 and a 200-day moving average of $836.31. Super Micro Computer has a 1 year low of $226.59 and a 1 year high of $1,229.00. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 0.39 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The business’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.43 earnings per share. As a group, sell-side analysts forecast that Super Micro Computer will post 21.11 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GQG Partners LLC purchased a new stake in shares of Super Micro Computer in the first quarter worth approximately $1,325,466,000. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the period. Norges Bank bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. Wolf Hill Capital Management LP acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $77,996,000. Finally, American Century Companies Inc. lifted its stake in Super Micro Computer by 511.9% during the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after purchasing an additional 110,308 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.