Super Micro Computer (NASDAQ:SMCI) Stock Rating Lowered by StockNews.com

Super Micro Computer (NASDAQ:SMCI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

SMCI has been the topic of several other research reports. Loop Capital raised their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Northland Securities raised their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Barclays raised their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $949.85.

Super Micro Computer Stock Up 6.3 %

Shares of NASDAQ:SMCI traded up $44.84 during trading on Tuesday, reaching $761.86. 8,302,985 shares of the stock traded hands, compared to its average volume of 9,896,123. The stock has a 50-day moving average of $954.67 and a two-hundred day moving average of $558.04. Super Micro Computer has a 52-week low of $93.19 and a 52-week high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock has a market cap of $42.61 billion, a P/E ratio of 59.47, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last issued 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. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the company posted $3.09 earnings per share. The firm’s quarterly revenue was up 103.0% on a year-over-year basis. As a group, sell-side analysts expect that Super Micro Computer will post 20.24 earnings per share for the current fiscal year.

Insider Activity at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,989 shares of company stock worth $30,113,681. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New Hampshire bought a new stake in Super Micro Computer in the 1st quarter valued at $35,000. Versant Capital Management Inc increased its holdings in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after acquiring an additional 15 shares during the last quarter. JTC Employer Solutions Trustee Ltd bought a new stake in Super Micro Computer in the 1st quarter valued at $61,000. Allworth Financial LP bought a new stake in shares of Super Micro Computer in the 3rd quarter worth about $27,000. Finally, Optimum Investment Advisors bought a new stake in shares of Super Micro Computer in the 4th quarter worth about $28,000. 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.