Super Micro Computer, Inc. (NASDAQ:SMCI) Given Average Recommendation of "Hold" by Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) has received a consensus recommendation of "Hold" from the nineteen brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $45.63.

A number of research analysts have weighed in on the company. Needham & Company LLC reissued a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating on the stock. Raymond James Financial assumed coverage on Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 target price on the stock. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Mizuho set a $40.00 target price on Super Micro Computer and gave the company a "neutral" rating in a report on Monday, May 19th.

Super Micro Computer Trading Up 4.8%

Shares of NASDAQ:SMCI opened at $42.84 on Wednesday. The company has a market cap of $25.57 billion, a P/E ratio of 22.54 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $96.33. The stock's fifty day moving average price is $38.92 and its 200-day moving average price is $37.41.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the company posted $0.66 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts expect that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of Super Micro Computer stock in a transaction that occurred on 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 sale, the director now directly owns 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Hedge funds have recently modified their holdings of the company. New York Life Investment Management LLC raised its holdings in shares of Super Micro Computer by 907.8% during the 4th quarter. New York Life Investment Management LLC now owns 67,585 shares of the company's stock worth $2,060,000 after acquiring an additional 60,879 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $209,000. US Bancorp DE raised its holdings in shares of Super Micro Computer by 1,147.3% during the 4th quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after acquiring an additional 26,549 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Super Micro Computer by 561.3% during the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after acquiring an additional 573,439 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $1,176,000. 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.

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