Super Micro Computer’s (SMCI) Buy Rating Reiterated at Rosenblatt Securities

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a research note issued on Wednesday, Benzinga reports. They presently have a $1,300.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 80.13% from the stock’s current price.

Several other research analysts have also recently issued reports on SMCI. Loop Capital raised their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. The Goldman Sachs Group began coverage on Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 target price on the stock. Susquehanna lifted their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. Finally, Argus began coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $970.62.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock traded down $137.08 during trading on Wednesday, hitting $721.72. 5,201,800 shares of the company’s stock traded hands, compared to its average volume of 9,624,078. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. Super Micro Computer has a 1 year low of $101.71 and a 1 year high of $1,229.00. The stock has a market capitalization of $40.37 billion, a P/E ratio of 55.93, a PEG ratio of 0.79 and a beta of 1.28. The business has a 50-day simple moving average of $952.07 and a 200-day simple moving average of $576.78.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period last year, the firm posted $3.09 earnings per share. As a group, analysts forecast that Super Micro Computer will post 20.24 EPS for the current year.

Insider Transactions at Super Micro Computer

In related news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the transaction, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. In the last three months, insiders sold 34,027 shares of company stock valued at $29,655,672. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in shares of Super Micro Computer during the third quarter valued at approximately $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer during the fourth quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer during the fourth quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer during the fourth quarter worth approximately $33,000. Finally, Bank of New Hampshire purchased a new position in Super Micro Computer during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.