Super Micro Computer (NASDAQ:SMCI) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Super Micro Computer (NASDAQ:SMCI - Free Report) to a sell rating in a research report report published on Thursday morning.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group lowered 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 research note on Monday, March 24th. KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday. They set a "neutral" rating on the stock. Northland Securities set a $59.00 target price on Super Micro Computer in a report on Wednesday, May 7th. Mizuho set a $34.00 price objective on Super Micro Computer in a research report on Tuesday, May 6th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $45.53.

Super Micro Computer Trading Up 5.3%

Shares of SMCI stock traded up $1.71 on Thursday, hitting $33.70. The company had a trading volume of 39,602,519 shares, compared to its average volume of 64,658,465. The firm has a market cap of $20.11 billion, a P/E ratio of 16.91 and a beta of 1.36. The stock's 50-day moving average is $35.37 and its two-hundred day moving average is $35.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. 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 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 30.57% and a net margin of 8.09%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that Super Micro Computer will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last 90 days. Insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Super Micro Computer by 1,160.6% in the fourth quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after purchasing an additional 5,838 shares during the last quarter. Czech National Bank raised its stake in shares of Super Micro Computer by 963.7% in the 4th quarter. Czech National Bank now owns 109,175 shares of the company's stock valued at $3,328,000 after acquiring an additional 98,911 shares during the period. Brookstone Capital Management raised its stake in shares of Super Micro Computer by 930.2% in the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock valued at $213,000 after acquiring an additional 6,316 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $43,000. Finally, Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the 4th quarter valued at $30,000. 84.06% of the stock is currently 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.