Super Micro Computer, Inc. (NASDAQ:SMCI) Given Consensus Rating of "Hold" by Brokerages

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

A number of analysts have recently issued reports on the company. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Barclays reissued an "equal weight" rating and set a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Wedbush reissued a "neutral" rating and set a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Raymond James started coverage on Super Micro Computer in a report on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price objective for the company. Finally, KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They issued a "neutral" rating for the company.

Super Micro Computer Stock Performance

Shares of SMCI traded up $1.99 during mid-day trading on Friday, reaching $43.19. The company's stock had a trading volume of 41,582,597 shares, compared to its average volume of 71,546,918. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $101.40. The stock has a market cap of $25.78 billion, a P/E ratio of 21.68 and a beta of 1.36. The business has a 50-day simple moving average of $36.09 and a two-hundred day simple moving average of $36.56. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the firm posted $0.66 earnings per share. The business's revenue was up 19.5% on a year-over-year basis. As a group, equities 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, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction 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 in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Eastern Bank acquired a new position in Super Micro Computer during the 1st quarter worth about $29,000. Parkside Financial Bank & Trust lifted its holdings in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC lifted its holdings in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the period. Central Pacific Bank Trust Division acquired a new position in Super Micro Computer during the 1st quarter worth about $34,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Super Micro Computer during the 1st quarter worth about $34,000. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Company Profile

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.