Super Micro Computer (NASDAQ:SMCI) Given New $47.00 Price Target at Mizuho

Super Micro Computer (NASDAQ:SMCI - Free Report) had its target price upped by Mizuho from $40.00 to $47.00 in a research report released on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

SMCI has been the subject of a number of other research reports. Barclays restated an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Raymond James Financial initiated coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They issued an "outperform" rating for the company. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Finally, 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $46.06.

Super Micro Computer Price Performance

NASDAQ SMCI traded down $0.24 on Thursday, hitting $48.51. 18,665,575 shares of the company's stock were exchanged, compared to its average volume of 69,245,496. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $96.33. The stock has a 50-day moving average of $40.93 and a 200-day moving average of $37.78. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 25.37 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the business posted $0.66 EPS. Super Micro Computer's revenue for the quarter was up 19.5% on a year-over-year basis. Analysts expect that Super Micro Computer will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the director directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 667,000 shares of company stock worth $29,949,340 in the last three months. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Garde Capital Inc. lifted its holdings in shares of Super Micro Computer by 42.1% during the 2nd quarter. Garde Capital Inc. now owns 1,013 shares of the company's stock worth $50,000 after acquiring an additional 300 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Super Micro Computer by 1.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock valued at $854,000 after purchasing an additional 302 shares in the last quarter. Fairscale Capital LLC lifted its stake in Super Micro Computer by 13.3% during the first quarter. Fairscale Capital LLC now owns 2,698 shares of the company's stock worth $92,000 after purchasing an additional 317 shares during the last quarter. Wahed Invest LLC boosted its holdings in shares of Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after purchasing an additional 352 shares in the last quarter. Finally, Horizon Investments LLC increased its position in shares of Super Micro Computer by 5.2% during the 1st quarter. Horizon Investments LLC now owns 7,234 shares of the company's stock valued at $248,000 after purchasing an additional 355 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other 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.