Super Micro Computer’s (SMCI) Hold Rating Reaffirmed at KeyCorp
Several other analysts have also recently issued reports on SMCI. BidaskClub upgraded Super Micro Computer from a sell rating to a hold rating in a research note on Tuesday, June 13th. 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 raised Super Micro Computer from a hold rating to a buy rating in a report on Wednesday, July 19th. Maxim Group reissued a buy rating and set a $43.00 price target on shares of Super Micro Computer in a report on Friday, July 21st. Finally, Susquehanna Bancshares Inc reissued a positive rating and set a $31.00 price target (down previously from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $31.29.
Super Micro Computer (NASDAQ:SMCI) traded up 0.47% during midday trading on Friday, hitting $26.75. The stock had a trading volume of 295,572 shares. The firm has a 50-day moving average of $26.80 and a 200-day moving average of $25.38. The company has a market cap of $1.31 billion, a PE ratio of 19.96 and a beta of 0.18. Super Micro Computer has a 12-month low of $20.77 and a 12-month high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $714.99 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 36.9% compared to the same quarter last year. Equities research analysts forecast that Super Micro Computer will post $2.03 EPS for the current year.
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In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the transaction, the director now owns 245,000 shares in the company, valued at approximately $6,639,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.60% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Super Micro Computer by 46,673.4% in the first quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock worth $121,025,000 after buying an additional 4,763,953 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Super Micro Computer by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,562,194 shares of the technology company’s stock worth $87,808,000 after buying an additional 69,229 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Super Micro Computer by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after buying an additional 482,667 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Super Micro Computer by 3.2% in the second quarter. Macquarie Group Ltd. now owns 1,369,562 shares of the technology company’s stock worth $33,760,000 after buying an additional 41,972 shares in the last quarter. Finally, State Street Corp raised its position in shares of Super Micro Computer by 4.1% in the second quarter. State Street Corp now owns 965,582 shares of the technology company’s stock worth $23,802,000 after buying an additional 38,013 shares in the last quarter. Hedge funds and other institutional investors own 77.55% 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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