Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $40.00

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price target lifted by equities research analysts at Mizuho from $32.00 to $40.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's price target points to a potential downside of 3.96% from the stock's current price.

A number of other research firms have also commented on SMCI. JPMorgan Chase & Co. lowered their price target on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Raymond James started coverage on shares of Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price objective for the company. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and a consensus target price of $45.63.

Super Micro Computer Trading Down 2.6%

Shares of Super Micro Computer stock traded down $1.12 during trading on Monday, reaching $41.65. The company's stock had a trading volume of 54,643,355 shares, compared to its average volume of 72,537,388. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $101.40. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 20.91 and a beta of 1.36. The firm's 50-day moving average is $35.79 and its two-hundred day moving average is $35.33. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the prior year, the business posted $0.66 EPS. The firm's revenue was up 19.5% compared to the same quarter last year. On average, sell-side 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 news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. Eastern Bank purchased a new stake in shares of Super Micro Computer during the 1st quarter valued at about $29,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake 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 during the period. Larson Financial Group LLC lifted its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer in the 4th quarter worth approximately $31,000. 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.