Super Micro Computer Sets New 52-Week High at $27.64 (SMCI)
Super Micro Computer (NASDAQ:SMCI) hit a new 52-week high on Wednesday , AnalystRatings.NET reports. The company traded as high as $27.64 and last traded at $25.91, with a volume of 291,190 shares trading hands. The stock had previously closed at $27.00.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Super Micro Computer from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $28.10 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Super Micro Computer in a research note on Wednesday, August 6th. They now have a $32.00 price target on the stock, up previously from $30.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Super Micro Computer from $23.00 to $30.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock.
The stock has a 50-day moving average of $25.36 and a 200-day moving average of $21.93. The company has a market cap of $1.157 billion and a P/E ratio of 23.20.
Super Micro Computer (NASDAQ:SMCI) last released its earnings data on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.01. The company had revenue of $428.07 million for the quarter, compared to the consensus estimate of $395.96 million. During the same quarter last year, the company posted $0.26 earnings per share. Super Micro Computer’s revenue was up 32.8% compared to the same quarter last year. Analysts expect that Super Micro Computer will post $1.74 EPS for the current fiscal year.
In other Super Micro Computer news, Director Hwei-Ming Fred Tsai unloaded 14,000 shares of Super Micro Computer stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $25.22, for a total value of $353,080.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Super Micro Computer, Inc develops and provides end-to-end green computing solutions for Enterprise IT, Datacenter, Cloud Computing, High Performance Computing (NASDAQ:SMCI), and Embedded Systems globally.
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