Super Micro Computer (NASDAQ:SMCI) Earns Neutral Rating from Wedbush

Super Micro Computer (NASDAQ:SMCI - Get Free Report)'s stock had its "neutral" rating reiterated by investment analysts at Wedbush in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $30.00 target price on the stock, down from their previous target price of $40.00. Wedbush's price objective indicates a potential downside of 6.31% from the stock's previous close.

SMCI has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday. Barclays restated an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, Mizuho set a $34.00 target price on shares of Super Micro Computer in a report on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $45.53.

Super Micro Computer Trading Down 0.3 %

SMCI stock traded down $0.09 during mid-day trading on Wednesday, reaching $32.02. The company's stock had a trading volume of 31,372,163 shares, compared to its average volume of 71,741,000. The company has a market cap of $19.11 billion, a price-to-earnings ratio of 16.07 and a beta of 1.36. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $101.40. The business's 50 day moving average price is $35.37 and its 200 day moving average price is $35.24. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The business's revenue was up 19.5% on a year-over-year basis. On average, equities research analysts predict that Super Micro Computer will post 1.86 EPS for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the business's 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. The trade was a 78.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were 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

Several institutional investors and hedge funds have recently bought and sold shares of the company. CenterBook Partners LP acquired a new position in Super Micro Computer in the first quarter worth $328,000. Keynote Financial Services LLC raised its stake in Super Micro Computer by 7.2% during the first quarter. Keynote Financial Services LLC now owns 13,274 shares of the company's stock worth $455,000 after acquiring an additional 892 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Super Micro Computer by 17.1% during the first quarter. Chicago Partners Investment Group LLC now owns 12,364 shares of the company's stock valued at $402,000 after purchasing an additional 1,810 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Super Micro Computer by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,771,630 shares of the company's stock worth $129,141,000 after purchasing an additional 120,496 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Super Micro Computer in the first quarter worth $1,397,000. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Company Profile

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.