Super Micro Computer, Inc. (NASDAQ:SMCI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
Other equities analysts have also issued reports about the company. Maxim Group reissued a “buy” rating and set a $43.00 price objective (up from $40.00) on shares of Super Micro Computer in a report on Friday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of Super Micro Computer in a report on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.57.
Shares of Super Micro Computer (NASDAQ:SMCI) opened at 24.95 on Tuesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 21.87 and a beta of 0.12. Super Micro Computer has a 12-month low of $18.60 and a 12-month high of $31.75. The company’s 50-day moving average price is $24.28 and its 200 day moving average price is $25.98.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The business had revenue of $631.12 million during the quarter, compared to analyst estimates of $599.02 million. During the same period in the prior year, the company earned $0.36 earnings per share. Super Micro Computer’s revenue was up 18.5% compared to the same quarter last year. On average, equities analysts forecast that Super Micro Computer will post $1.63 earnings per share for the current year.
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In other news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the completion of the transaction, the vice president now directly owns 3,137 shares of the company’s stock, valued at $76,385.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherman Tuan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total value of $245,100.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $196,080. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock valued at $511,580 over the last ninety days. Corporate insiders own 24.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock worth $105,000 after buying an additional 50 shares during the last quarter. Pacad Investment Ltd. bought a new position in Super Micro Computer during the fourth quarter worth approximately $118,000. US Bancorp DE raised its position in Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after buying an additional 176 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock worth $195,000 after buying an additional 755 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Super Micro Computer during the first quarter worth approximately $207,000. 72.13% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer Company Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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