KeyCorp reiterated their hold rating on shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in a research report released on Friday morning.

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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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