Super Micro Computer Inc. (SMCI) Receives Average Rating of “Buy” from Analysts
Super Micro Computer Inc. (NASDAQ:SMCI) has received a consensus rating of “Buy” from the ten analysts that are covering the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $28.00.
Several research analysts have weighed in on SMCI shares. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, October 5th. Roth Capital downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.00 to $22.50 in a research note on Friday, August 5th. TheStreet downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Maxim Group lifted their price target on Super Micro Computer from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, September 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Super Micro Computer in a research note on Friday, August 5th.
Super Micro Computer (NASDAQ:SMCI) traded down 0.19% on Tuesday, reaching $26.30. The company had a trading volume of 49,252 shares. Super Micro Computer has a 52-week low of $18.60 and a 52-week high of $34.69. The company’s 50-day moving average is $23.56 and its 200-day moving average is $23.45. The company has a market capitalization of $1.26 billion, a PE ratio of 19.06 and a beta of 0.29.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Thursday, October 27th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.13. Super Micro Computer had a return on equity of 10.15% and a net margin of 3.23%. The company had revenue of $529 million for the quarter, compared to the consensus estimate of $503.64 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Super Micro Computer will post $1.57 EPS for the current fiscal year.
In other news, CFO Howard Hideshima sold 20,312 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total value of $439,754.80. Following the completion of the transaction, the chief financial officer now directly owns 20,312 shares of the company’s stock, valued at $439,754.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $25.75, for a total value of $128,750.00. Following the completion of the transaction, the director now directly owns 261,000 shares of the company’s stock, valued at $6,720,750. The disclosure for this sale can be found here. 24.00% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in SMCI. PineBridge Investments L.P. boosted its position in Super Micro Computer by 5.2% in the second quarter. PineBridge Investments L.P. now owns 4,726 shares of the company’s stock worth $118,000 after buying an additional 233 shares during the period. Teacher Retirement System of Texas boosted its position in Super Micro Computer by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,331 shares of the company’s stock worth $132,000 after buying an additional 644 shares during the period. Springbok Capital Management LLC boosted its position in Super Micro Computer by 55.0% in the first quarter. Springbok Capital Management LLC now owns 4,100 shares of the company’s stock worth $140,000 after buying an additional 1,454 shares during the period. SG Americas Securities LLC bought a new position in Super Micro Computer during the third quarter worth $147,000. Finally, Mason Street Advisors LLC bought a new position in Super Micro Computer during the second quarter worth $181,000. 70.26% of the stock is owned by institutional investors.
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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