JPMorgan Chase & Co. Issues Pessimistic Forecast for Super Micro Computer (NASDAQ:SMCI) Stock Price

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its target price dropped by research analysts at JPMorgan Chase & Co. from $36.00 to $35.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 6.25% from the company's previous close.

A number of other equities research analysts also recently issued reports on SMCI. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Rosenblatt Securities decreased their target price on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Citigroup started coverage on shares of Super Micro Computer in a research report on Tuesday. They set a "neutral" rating and a $39.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and a consensus target price of $48.33.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $32.94 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 16.54 and a beta of 1.36. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $101.40. The company has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $35.46.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. Analysts forecast that Super Micro Computer will post 1.86 EPS for the current year.

Insider Activity

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at about $30,000. Trust Co. of Vermont raised its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC grew its position in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.

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.

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