Stiles Financial Services Inc Buys 650 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Stiles Financial Services Inc lifted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 152.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,075 shares of the company’s stock after buying an additional 650 shares during the period. Stiles Financial Services Inc’s holdings in Super Micro Computer were worth $448,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Farmers & Merchants Investments Inc. boosted its holdings in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. boosted its holdings in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in Super Micro Computer in the 2nd quarter worth about $42,000. Finally, Larson Financial Group LLC increased its stake in Super Micro Computer by 186.7% in the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after buying an additional 28 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of a number of research analyst reports. Loop Capital cut their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Susquehanna upped their price objective on Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a research note on Monday, July 15th. Cfra reiterated a “hold” rating and set a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Up 3.3 %

Shares of NASDAQ SMCI opened at $26.33 on Friday. The firm has a fifty day simple moving average of $42.72 and a two-hundred day simple moving average of $65.35. The firm has a market capitalization of $14.73 billion, a PE ratio of 12.79 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 12 month low of $20.20 and a 12 month high of $122.90.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the company earned $0.34 earnings per share. Super Micro Computer’s quarterly revenue was up 142.9% on a year-over-year basis. Equities analysts expect that Super Micro Computer, Inc. will post 2.85 earnings per share for the current year.

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.