Super Micro Computer (NASDAQ:SMCI) Price Target Cut to $50.00 by Analysts at Rosenblatt Securities

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price target decreased by analysts at Rosenblatt Securities from $55.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Rosenblatt Securities' price objective suggests a potential upside of 56.15% from the stock's previous close.

Several other analysts have also recently commented on SMCI. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research note on Thursday, March 6th. Mizuho set a $34.00 price target on shares of Super Micro Computer in a research report on Tuesday, May 6th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $45.53.

Super Micro Computer Stock Performance

Super Micro Computer stock traded down $0.09 during mid-day trading on Wednesday, reaching $32.02. 31,372,163 shares of the company were exchanged, compared to its average volume of 71,876,853. The firm has a market cap of $19.11 billion, a PE ratio of 16.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm's 50-day simple moving average is $35.37 and its two-hundred day simple moving average is $35.17. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $101.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's revenue 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 fiscal year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently bought and sold shares of SMCI. Vanguard Group Inc. raised its stake in shares of Super Micro Computer by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock valued at $2,205,322,000 after acquiring an additional 2,415,276 shares during the period. Geode Capital Management LLC increased its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new position in Super Micro Computer in the fourth quarter valued at about $292,869,000. Invesco Ltd. lifted its stake in shares of Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares during the period. Institutional investors and hedge funds 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.