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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) have earned a consensus rating of "Hold" from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.89.

Several brokerages recently commented on SMCI. Needham & Company LLC reissued a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Raymond James Financial began coverage on Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating for the company. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday. Northland Securities set a $59.00 price target on Super Micro Computer in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th.

Super Micro Computer Trading Down 1.9%

NASDAQ SMCI traded down $0.98 on Friday, reaching $51.77. The company had a trading volume of 31,789,538 shares, compared to its average volume of 68,061,178. The stock's 50 day moving average is $44.89 and its 200-day moving average is $39.31. The stock has a market cap of $30.90 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.37 and a beta of 1.43. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $80.88.

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, topping the consensus estimate 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 company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The company's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts predict that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the firm'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 owned 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction 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 directly owned 66,903,640 shares in the company, valued at approximately $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 quarter, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PFG Investments LLC lifted its holdings in Super Micro Computer by 8.5% during the 2nd quarter. PFG Investments LLC now owns 12,650 shares of the company's stock worth $620,000 after buying an additional 995 shares during the period. Greenleaf Trust lifted its holdings in Super Micro Computer by 16.0% during the 2nd quarter. Greenleaf Trust now owns 7,116 shares of the company's stock worth $349,000 after buying an additional 984 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Super Micro Computer by 10.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 63,210 shares of the company's stock worth $3,098,000 after buying an additional 6,143 shares during the period. Vermillion Wealth Management Inc. lifted its holdings in Super Micro Computer by 26.9% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 3,300 shares of the company's stock worth $162,000 after buying an additional 700 shares during the period. Finally, XY Planning Network Inc. acquired a new position in Super Micro Computer during the 2nd quarter worth about $205,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.