Super Micro Computer (NASDAQ:SMCI) Given "Buy" Rating at Rosenblatt Securities

Super Micro Computer (NASDAQ:SMCI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $55.00 target price on the stock. Rosenblatt Securities' target price points to a potential upside of 68.04% from the stock's current price.

Several other research firms have also recently weighed in on SMCI. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Citigroup started coverage on Super Micro Computer in a research report on Friday, April 25th. They issued a "neutral" rating and a $39.00 price objective for the company. StockNews.com raised Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and an average target price of $48.73.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded up $0.87 during midday trading on Wednesday, hitting $32.73. The company's stock had a trading volume of 54,913,139 shares, compared to its average volume of 71,866,023. 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 stock's 50 day simple moving average is $36.58 and its 200 day simple moving average is $35.86. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 16.43 and a beta of 1.22. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $101.40.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. 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 owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Several large investors have recently made changes to their positions in SMCI. World Investment Advisors LLC lifted its position in Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. Tidal Investments LLC boosted its holdings in Super Micro Computer by 143.8% during the third quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock worth $20,968,000 after buying an additional 29,697 shares during the last quarter. Synovus Financial Corp bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $443,000. GAMMA Investing LLC raised its position in shares of Super Micro Computer by 1,160.6% in the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after acquiring an additional 5,838 shares during the period. Finally, Everence Capital Management Inc. boosted its stake in Super Micro Computer by 1,366.0% during the 4th quarter. Everence Capital Management Inc. now owns 15,540 shares of the company's stock worth $474,000 after acquiring an additional 14,480 shares during the last quarter. 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.