Super Micro Computer (NASDAQ:SMCI) Lifted to "Hold" at StockNews.com

Super Micro Computer (NASDAQ:SMCI - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

Several other research firms also recently issued reports on SMCI. Barclays lifted their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Loop Capital boosted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. KeyCorp began coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a "sector weight" rating for the company. Susquehanna upped their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research report on Tuesday, January 30th. Finally, Argus started coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a "buy" rating and a $1,350.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer has an average rating of "Moderate Buy" and an average target price of $954.38.

Super Micro Computer Stock Down 14.0 %

Shares of SMCI stock traded down $120.50 during trading hours on Wednesday, reaching $738.30. The company had a trading volume of 13,513,457 shares, compared to its average volume of 9,733,610. The company has a market capitalization of $41.30 billion, a P/E 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. Super Micro Computer has a twelve month low of $101.71 and a twelve month high of $1,229.00. The stock's fifty day simple moving average is $952.15 and its 200 day simple moving average is $577.91.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the company earned $3.09 earnings per share. Super Micro Computer's revenue for the quarter was up 103.0% on a year-over-year basis. As a group, sell-side analysts expect that Super Micro Computer will post 20.24 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares of the company's stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sherman Tuan sold 5,000 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,552 shares of company stock worth $30,112,223. 17.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company's stock worth $104,000 after buying an additional 13 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Super Micro Computer by 42.9% in the first quarter. Versant Capital Management Inc now owns 50 shares of the company's stock worth $51,000 after purchasing an additional 15 shares in the last quarter. TFC Financial Management Inc. grew its stake in shares of Super Micro Computer by 23.1% in the first quarter. TFC Financial Management Inc. now owns 80 shares of the company's stock worth $81,000 after purchasing an additional 15 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Super Micro Computer by 1.3% during the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company's stock valued at $1,283,000 after purchasing an additional 16 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company's stock valued at $1,160,000 after purchasing an additional 18 shares in the last quarter. 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.

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