Super Micro Computer's (SMCI) "Neutral" Rating Reaffirmed at Citigroup

Super Micro Computer (NASDAQ:SMCI - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at Citigroup in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $52.00 price objective on the stock, up from their prior price objective of $37.00. Citigroup's target price indicates a potential upside of 4.56% from the stock's previous close.

Several other equities research analysts have also recently issued reports on SMCI. JPMorgan Chase & Co. lowered their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Barclays restated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a report on Wednesday, June 25th. Needham & Company LLC restated a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $41.47.

Super Micro Computer Stock Performance

SMCI opened at $49.73 on Friday. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $96.33. 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 firm has a fifty day moving average price of $43.26 and a 200 day moving average price of $38.75. The stock has a market cap of $29.68 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.25 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the company posted $0.66 EPS. Super Micro Computer's quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts anticipate that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer directly owned 88,599 shares in the company, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its position in shares of Super Micro Computer by 1,175.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,266 shares of the company's stock valued at $313,000 after purchasing an additional 9,461 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Super Micro Computer by 280.2% during the fourth quarter. Victory Capital Management Inc. now owns 162,132 shares of the company's stock worth $4,942,000 after purchasing an additional 119,490 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Super Micro Computer in the fourth quarter valued at $1,176,000. PNC Financial Services Group Inc. raised its stake in Super Micro Computer by 338.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,248 shares of the company's stock valued at $1,227,000 after buying an additional 31,074 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after buying an additional 893 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.