Super Micro Computer, Inc. (SMCI) Given Average Rating of “Buy” by Analysts
Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned an average rating of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $33.80.
A number of equities research analysts have recently issued reports on SMCI shares. Maxim Group reiterated a “buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. ValuEngine upgraded Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of Super Micro Computer in a research note on Friday, July 14th. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Friday.
Super Micro Computer (SMCI) opened at 26.55 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.81 and a beta of 0.17. Super Micro Computer has a one year low of $20.77 and a one year high of $31.75. The company’s 50-day moving average price is $25.78 and its 200-day moving average price is $25.34.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The company had revenue of $717.90 million during the quarter, compared to analyst estimates of $714.99 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue was up 36.9% on a year-over-year basis. Equities research analysts predict that Super Micro Computer will post $1.98 EPS for the current year.
In other news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total transaction of $48,700.00. Following the sale, the vice president now directly owns 3,137 shares in the company, valued at approximately $76,385.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherman Tuan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total value of $245,100.00. Following the sale, the director now owns 8,000 shares in the company, valued at $196,080. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,000 shares of company stock worth $487,510. 23.60% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in SMCI. State of Alaska Department of Revenue boosted its stake in shares of Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock worth $105,000 after buying an additional 50 shares during the last quarter. US Bancorp DE boosted its stake in Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock valued at $154,000 after buying an additional 176 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock valued at $195,000 after buying an additional 755 shares in the last quarter. Aperio Group LLC boosted its stake in Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after buying an additional 68 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Super Micro Computer during the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 71.58% of the company’s stock.
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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