Super Micro Computer (NASDAQ:SMCI) Stock Price Expected to Rise, Mizuho Analyst Says

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

A number of other research analysts have also weighed in on SMCI. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Northland Securities set a $59.00 target price on Super Micro Computer in a report on Wednesday, May 7th. Raymond James Financial started coverage on Super Micro Computer in a report on Wednesday, June 25th. They set an "outperform" rating on the stock. Needham & Company LLC restated a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Wedbush restated a "buy" rating on shares of Super Micro Computer in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $46.06.

Super Micro Computer Stock Down 0.5%

Shares of NASDAQ:SMCI traded down $0.24 during trading on Thursday, hitting $48.51. 18,665,575 shares of the company were exchanged, compared to its average volume of 69,330,447. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 25.52 and a beta of 1.43. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The firm has a fifty day moving average price of $41.42 and a two-hundred day moving average price of $38.07. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, research analysts anticipate that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Charles Liang 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $13,500,000.00. Following the sale, the director owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock worth $29,949,340 in the last ninety days. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of the business. Eastern Bank acquired a new position in Super Micro Computer in the 1st quarter worth about $29,000. Larson Financial Group LLC increased its holdings in 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 in the last quarter. Central Pacific Bank Trust Division acquired a new position in Super Micro Computer in the 1st quarter worth about $34,000. Beaird Harris Wealth Management LLC acquired a new position in Super Micro Computer in the 1st quarter worth about $34,000. Finally, Garde Capital Inc. increased its holdings in Super Micro Computer by 42.1% in the 2nd quarter. Garde Capital Inc. now owns 1,013 shares of the company's stock worth $50,000 after purchasing an additional 300 shares in the last quarter. 84.06% of the stock is currently owned by 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.