Super Micro Computer (NASDAQ:SMCI) Upgraded at Raymond James

Super Micro Computer (NASDAQ:SMCI - Get Free Report) was upgraded by analysts at Raymond James to a "moderate buy" rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also weighed in on the stock. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Citigroup assumed coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price for the company. Northland Securities set a $59.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 7th. Barclays reiterated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Finally, StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $45.25.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded up $2.19 during trading hours on Monday, reaching $46.15. The stock had a trading volume of 98,012,727 shares, compared to its average volume of 72,620,935. The business's fifty day moving average is $35.68 and its two-hundred day moving average is $35.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 23.17 and a beta of 1.36. 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 issued its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, research analysts expect that Super Micro Computer will post 1.86 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in the stock. Eastern Bank acquired a new position in Super Micro Computer in the 1st quarter worth $29,000. Trust Co. of Vermont boosted its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its stake in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted its stake in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer in the 4th quarter worth $31,000. 84.06% of the stock is owned by 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.