Super Micro Computer, Inc. (NASDAQ:SMCI) Given Consensus Recommendation of “Hold” by Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $47.5714.

A number of brokerages have commented on SMCI. Wedbush restated a “neutral” rating and set a $30.00 price objective on shares of Super Micro Computer in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Super Micro Computer in a research note on Wednesday, October 8th. Sanford C. Bernstein upgraded shares of Super Micro Computer to a “hold” rating in a research note on Tuesday, September 16th. Needham & Company LLC lifted their price objective on shares of Super Micro Computer from $39.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Rosenblatt Securities lifted their price objective on shares of Super Micro Computer from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 24th.

Super Micro Computer Trading Down 2.3%

NASDAQ SMCI opened at $50.75 on Tuesday. Super Micro Computer has a one year low of $17.25 and a one year high of $66.44. The company’s 50 day moving average price is $48.39 and its 200 day moving average price is $45.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.25 and a current ratio of 5.25. The firm has a market capitalization of $30.16 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.30 and a beta of 1.55.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the previous year, the business posted $6.25 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts predict that Super Micro Computer will post 1.86 EPS for the current year.

Insider Buying and Selling

In other news, CFO David E. Weigand sold 25,000 shares of Super Micro Computer stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the sale, the chief financial officer owned 100,188 shares in the company, valued at $4,522,486.32. This trade represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 40,000 shares of Super Micro Computer stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $43.88, for a total transaction of $1,755,200.00. Following the sale, the senior vice president owned 21,820 shares in the company, valued at $957,461.60. This represents a 64.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,000 shares of company stock worth $3,890,950 in the last quarter. Insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Keybank National Association OH raised its stake in shares of Super Micro Computer by 21.5% in the 3rd quarter. Keybank National Association OH now owns 6,662 shares of the company’s stock valued at $319,000 after purchasing an additional 1,179 shares in the last quarter. National Pension Service grew its stake in Super Micro Computer by 4.1% in the third quarter. National Pension Service now owns 1,068,764 shares of the company’s stock worth $51,237,000 after purchasing an additional 41,606 shares in the last quarter. AlphaQuest LLC increased its holdings in Super Micro Computer by 97.9% in the third quarter. AlphaQuest LLC now owns 14,142 shares of the company’s stock valued at $678,000 after buying an additional 6,995 shares during the last quarter. Arizona State Retirement System raised its stake in Super Micro Computer by 1.3% during the third quarter. Arizona State Retirement System now owns 149,326 shares of the company’s stock valued at $7,159,000 after buying an additional 1,882 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new position in Super Micro Computer during the 3rd quarter worth approximately $832,000. 84.06% of the stock is currently owned by institutional investors.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.