Super Micro Computer (NASDAQ:SMCI – Get Rating) had its price target hoisted by stock analysts at Northland Securities from $70.00 to $85.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Northland Securities’ price objective points to a potential upside of 57.52% from the company’s current price.
A number of other research firms have also recently weighed in on SMCI. Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Friday, April 22nd. StockNews.com assumed coverage on shares of Super Micro Computer in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Loop Capital boosted their target price on shares of Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Buy” and a consensus price target of $64.60.
SMCI stock traded up $10.73 during trading on Wednesday, reaching $53.96. The stock had a trading volume of 23,612 shares, compared to its average volume of 313,706. Super Micro Computer has a one year low of $32.88 and a one year high of $47.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 0.75. The stock has a 50 day moving average price of $40.44. The stock has a market cap of $2.80 billion, a P/E ratio of 22.70 and a beta of 1.19.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.43. Super Micro Computer had a net margin of 3.00% and a return on equity of 11.50%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 51.3% compared to the same quarter last year. Equities research analysts anticipate that Super Micro Computer will post 3.14 EPS for the current year.
In related news, Director Sherman Tuan sold 9,604 shares of the company’s stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $39.00, for a total transaction of $374,556.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 39,612 shares of the stock in a transaction that occurred on Wednesday, March 30th. The stock was sold at an average price of $41.17, for a total transaction of $1,630,826.04. The disclosure for this sale can be found here. Insiders have sold a total of 54,604 shares of company stock worth $2,231,678 over the last 90 days. 15.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its stake in Super Micro Computer by 5.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,514 shares of the company’s stock worth $238,000 after purchasing an additional 338 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Super Micro Computer by 1.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 27,200 shares of the company’s stock worth $1,036,000 after purchasing an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Super Micro Computer by 10.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,815 shares of the company’s stock worth $183,000 after purchasing an additional 459 shares in the last quarter. Legal & General Group Plc lifted its stake in Super Micro Computer by 4.4% in the 4th quarter. Legal & General Group Plc now owns 13,500 shares of the company’s stock worth $593,000 after purchasing an additional 567 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Super Micro Computer by 12.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,521 shares of the company’s stock worth $238,000 after purchasing an additional 730 shares in the last quarter. Institutional investors and hedge funds own 69.00% of the company’s stock.
Super Micro Computer Company Profile (Get Rating)
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.
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