Super Micro Computer Inc. (NASDAQ:SMCI) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other research firms have also commented on SMCI. Roth Capital set a $24.00 price objective on shares of Super Micro Computer and gave the company a “hold” rating in a research note on Sunday, October 30th. Maxim Group boosted their target price on shares of Super Micro Computer from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Super Micro Computer in a research report on Friday, August 5th. Pacific Crest started coverage on shares of Super Micro Computer in a research report on Thursday, July 28th. They set a “sector weight” rating on the stock. Finally, Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Super Micro Computer presently has an average rating of “Buy” and an average target price of $29.50.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

Super Micro Computer (NASDAQ:SMCI) opened at 25.95 on Thursday. The company has a 50-day moving average of $22.98 and a 200-day moving average of $23.50. Super Micro Computer has a 52-week low of $18.60 and a 52-week high of $34.69. The company has a market cap of $1.25 billion, a P/E ratio of 18.80 and a beta of 0.29.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.13. Super Micro Computer had a net margin of 3.23% and a return on equity of 10.15%. The company had revenue of $529 million for the quarter, compared to analyst estimates of $503.64 million. During the same period in the prior year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that Super Micro Computer will post $1.57 earnings per share for the current fiscal year.

In other news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $21.51, for a total value of $430,200.00. Following the completion of the sale, the insider now owns 20,000 shares in the company, valued at $430,200. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total transaction of $439,754.80. Following the completion of the sale, the chief financial officer now owns 20,312 shares of the company’s stock, valued at approximately $439,754.80. The disclosure for this sale can be found here. Company insiders own 24.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Super Micro Computer by 17.9% in the second quarter. FMR LLC now owns 3,659,329 shares of the company’s stock valued at $90,934,000 after buying an additional 555,053 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Super Micro Computer by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,326,891 shares of the company’s stock valued at $82,673,000 after buying an additional 79,988 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Super Micro Computer by 9.5% in the third quarter. BlackRock Fund Advisors now owns 2,668,749 shares of the company’s stock valued at $62,369,000 after buying an additional 231,294 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,243,630 shares of the company’s stock valued at $55,754,000 after buying an additional 184,131 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Super Micro Computer by 0.8% in the second quarter. Macquarie Group Ltd. now owns 1,287,490 shares of the company’s stock valued at $31,994,000 after buying an additional 10,035 shares in the last quarter. Institutional investors own 68.54% 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.

5 Day Chart for NASDAQ:SMCI

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