Super Micro Computer Inc. (NASDAQ:SMCI) Receives Average Rating of “Hold” from Brokerages
Super Micro Computer Inc. (NASDAQ:SMCI) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $29.42.
SMCI has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Super Micro Computer in a research report on Friday, August 5th. Maxim Group reissued a “buy” rating and set a $42.00 price target (down from $46.00) on shares of Super Micro Computer in a research report on Monday, June 13th. Zacks Investment Research raised shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Stifel Nicolaus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, TheStreet cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd.
In other news, insider Yih-Shyan Wally Liaw sold 20,000 shares of Super Micro Computer stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $21.51, for a total value of $430,200.00. Following the completion of the sale, the insider now directly owns 20,000 shares in the company, valued at $430,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Howard Hideshima sold 20,312 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total transaction of $439,754.80. Following the completion of the sale, the chief financial officer now owns 20,312 shares of the company’s stock, valued at $439,754.80. The disclosure for this sale can be found here. Company insiders own 24.00% of the company’s stock.
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Several hedge funds have recently made changes to their positions in SMCI. Springbok Capital Management LLC raised its stake in shares of Super Micro Computer by 55.0% in the first quarter. Springbok Capital Management LLC now owns 4,100 shares of the company’s stock worth $140,000 after buying an additional 1,454 shares in the last quarter. PineBridge Investments L.P. raised its stake in shares of Super Micro Computer by 5.2% in the second quarter. PineBridge Investments L.P. now owns 4,726 shares of the company’s stock worth $118,000 after buying an additional 233 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Super Micro Computer by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,331 shares of the company’s stock worth $132,000 after buying an additional 644 shares in the last quarter. Origin Asset Management LLP bought a new stake in shares of Super Micro Computer during the first quarter worth approximately $204,000. Finally, Mason Street Advisors LLC bought a new stake in shares of Super Micro Computer during the second quarter worth approximately $181,000. Hedge funds and other institutional investors own 73.25% of the company’s stock.
Super Micro Computer (NASDAQ:SMCI) traded up 2.35% on Tuesday, reaching $22.23. 138,534 shares of the company’s stock were exchanged. The company has a market cap of $1.08 billion, a PE ratio of 15.99 and a beta of 0.74. Super Micro Computer has a 52-week low of $18.60 and a 52-week high of $34.69. The firm’s 50 day moving average price is $21.53 and its 200 day moving average price is $26.02.
Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, August 4th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. The company earned $524.30 million during the quarter, compared to analysts’ expectations of $599.48 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts expect that Super Micro Computer will post $1.38 earnings per share for the current year.
Super Micro Computer Company Profile
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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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