Super Micro Computer, Inc. (NASDAQ:SMCI) has been given an average recommendation of “Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $33.80.
Several analysts recently issued reports on the stock. Maxim Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Super Micro Computer in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $30.00 price objective on shares of Super Micro Computer in a report on Friday, July 14th. ValuEngine downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Friday. Finally, BidaskClub upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th.
Super Micro Computer (NASDAQ:SMCI) traded up 1.13% during midday trading on Monday, reaching $26.85. The company’s stock had a trading volume of 443,729 shares. Super Micro Computer has a 52 week low of $20.77 and a 52 week high of $31.75. The firm has a market capitalization of $1.31 billion, a P/E ratio of 20.04 and a beta of 0.17. The company’s 50-day moving average is $25.78 and its 200 day moving average is $25.34.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $717.90 million during the quarter, compared to the consensus estimate of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. Super Micro Computer’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. Analysts expect that Super Micro Computer will post $1.98 earnings per share for the current fiscal year.
In other news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $24.35, for a total value of $48,700.00. Following the completion of the transaction, the vice president now owns 3,137 shares of the company’s stock, valued at $76,385.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $24.10, for a total transaction of $144,600.00. Following the completion of the transaction, the director now directly owns 254,000 shares of the company’s stock, valued at approximately $6,121,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,000 shares of company stock worth $487,510. Corporate insiders own 23.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Super Micro Computer during the fourth quarter valued at about $1,334,000. State Street Corp increased its position in Super Micro Computer by 7.1% in the fourth quarter. State Street Corp now owns 818,290 shares of the technology company’s stock valued at $22,953,000 after buying an additional 54,076 shares in the last quarter. Two Sigma Investments LP purchased a new position in Super Micro Computer during the fourth quarter valued at about $1,489,000. Thrivent Financial for Lutherans increased its position in Super Micro Computer by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,000 shares of the technology company’s stock valued at $561,000 after buying an additional 670 shares in the last quarter. Finally, Norges Bank purchased a new position in Super Micro Computer during the fourth quarter valued at about $11,432,000. 71.58% of the stock is owned by institutional investors.
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About Super Micro Computer
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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