Super Micro Computer, Inc. (NASDAQ:SMCI)‘s stock had its “buy” rating reissued by stock analysts at Maxim Group in a note issued to investors on Friday. They currently have a $45.00 price target on the technology company’s stock. Maxim Group’s price target would indicate a potential upside of 119.78% from the stock’s current price.
Other analysts also recently issued research reports about the company. Citigroup Inc. lowered their price objective on Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. TheStreet downgraded Super Micro Computer from a “b-” rating to a “c” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. Finally, ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.63.
Shares of Super Micro Computer (NASDAQ:SMCI) traded down 5.645% on Friday, reaching $20.475. 2,661,063 shares of the company were exchanged. Super Micro Computer has a 12-month low of $17.70 and a 12-month high of $31.75. The stock’s 50-day moving average is $22.62 and its 200 day moving average is $24.62. The firm has a market capitalization of $996.99 million, a PE ratio of 13.041 and a beta of 0.15.
Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million during the quarter, compared to the consensus estimate of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. Super Micro Computer’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. On average, analysts forecast that Super Micro Computer will post $1.98 EPS for the current year.
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In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the director now owns 245,000 shares in the company, valued at $6,639,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in SMCI. Victory Capital Management Inc. raised its holdings in shares of Super Micro Computer by 86.1% during the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock valued at $151,000 after acquiring an additional 3,152 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Super Micro Computer by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock valued at $184,000 after acquiring an additional 3,311 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Super Micro Computer during the second quarter valued at approximately $202,000. Aperio Group LLC raised its holdings in shares of Super Micro Computer by 0.8% during the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after acquiring an additional 68 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Super Micro Computer during the first quarter valued at approximately $207,000. Institutional investors own 77.28% of the company’s stock.
Super Micro Computer Company Profile
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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