Super Micro Computer (NASDAQ:SMCI) Earns "Buy" Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Super Micro Computer (NASDAQ:SMCI - Free Report) in a research report released on Wednesday morning, Benzinga reports. The firm currently has a $1,300.00 target price on the stock.

A number of other research analysts have also recently commented on SMCI. Wedbush reaffirmed a neutral rating and set a $530.00 price target on shares of Super Micro Computer in a research report on Wednesday, April 24th. Loop Capital upped their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. started coverage on Super Micro Computer in a research report on Monday, March 25th. They set an overweight rating and a $1,150.00 price target on the stock. The Goldman Sachs Group initiated coverage on Super Micro Computer in a report on Monday, March 4th. They set a neutral rating and a $941.00 price objective on the stock. Finally, KeyCorp initiated coverage on Super Micro Computer in a report on Wednesday, April 24th. They set a sector weight rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Stock Performance

NASDAQ:SMCI traded down $120.50 during trading on Wednesday, reaching $738.30. The company's stock had a trading volume of 13,513,457 shares, compared to its average volume of 9,733,610. The firm has a market cap of $41.30 billion, a price-to-earnings ratio of 57.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The firm has a 50 day moving average of $952.15 and a 200-day moving average of $577.91. Super Micro Computer has a 12 month low of $101.71 and a 12 month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating analysts' consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the prior year, the firm earned $3.09 EPS. The business's revenue for the quarter was up 103.0% compared to the same quarter last year. Research analysts expect that Super Micro Computer will post 20.24 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now owns 20,087 shares of the company's stock, valued at $10,846,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now owns 20,087 shares of the company's stock, valued at $10,846,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company's stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,552 shares of company stock valued at $30,112,223. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in shares of Super Micro Computer during the third quarter valued at approximately $27,000. Optimum Investment Advisors bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $33,000. Finally, Bank of New Hampshire bought a new position in shares of Super Micro Computer during the first quarter valued at approximately $35,000. Institutional investors 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.