Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its target price increased by investment analysts at Citigroup from $37.00 to $52.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 4.71% from the stock's previous close.
Several other analysts also recently weighed in on SMCI. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Mizuho boosted their price objective on shares of Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $41.47.
Check Out Our Latest Stock Report on Super Micro Computer
Super Micro Computer Stock Down 1.4%
Shares of SMCI stock traded down $0.70 during trading on Friday, reaching $49.66. The company's stock had a trading volume of 19,625,253 shares, compared to its average volume of 68,525,248. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 26.04 and a beta of 1.43. The stock's 50-day moving average price is $42.60 and its 200 day moving average price is $38.46. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $96.33.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The firm's revenue was up 19.5% on a year-over-year basis. On average, research analysts anticipate that Super Micro Computer will post 1.86 EPS for the current year.
Insider Transactions at Super Micro Computer
In other news, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 667,000 shares of company stock valued at $29,949,340 in the last ninety days. 17.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Super Micro Computer
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new position in Super Micro Computer in the 4th quarter valued at about $292,869,000. Invesco Ltd. lifted its holdings in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after acquiring an additional 4,605,260 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Company Profile
(
Get Free Report)
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.
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