Super Micro Computer, Inc. (SMCI) Stock Rating Reaffirmed by Maxim Group
Super Micro Computer, Inc. (NASDAQ:SMCI)‘s stock had its “buy” rating reiterated by research analysts at Maxim Group in a note issued to investors on Friday. They presently have a $43.00 price target on the technology company’s stock. Maxim Group’s target price indicates a potential upside of 58.67% from the stock’s current price.
The analysts wrote, “Revenue upside indicative of strong & sustaining demand that is likely independent of temporal EPS downside. Reiterating Buy rating and 12-month price target of $43.””
Other analysts have also recently issued reports about the company. ValuEngine raised Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub raised Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $30.00 target price on shares of Super Micro Computer in a research report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Super Micro Computer presently has a consensus rating of “Buy” and an average price target of $31.57.
Super Micro Computer (NASDAQ:SMCI) traded down 5.17% during midday trading on Friday, hitting $25.70. The company had a trading volume of 330,884 shares. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 22.52 and a beta of 0.14. The firm has a 50-day moving average price of $24.88 and a 200-day moving average price of $25.45. Super Micro Computer has a 12 month low of $19.32 and a 12 month high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $631.12 million during the quarter, compared to analysts’ expectations of $599.02 million. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Equities analysts anticipate that Super Micro Computer will post $1.62 EPS for the current year.
In related news, Director Sherman Tuan sold 10,000 shares of the firm’s stock in a transaction that occurred 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 approximately $196,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $24.10, for a total value of $144,600.00. Following the completion of the transaction, the director now directly owns 254,000 shares of the company’s stock, valued at $6,121,400. The disclosure for this sale can be found here. Insiders sold a total of 21,000 shares of company stock valued at $511,580 over the last three months. Insiders own 23.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SMCI. State of Alaska Department of Revenue increased 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 valued at $105,000 after buying an additional 50 shares during the last quarter. US Bancorp DE increased 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 valued at $154,000 after buying an additional 176 shares during the last quarter. BNP Paribas Arbitrage SA increased 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 valued at $195,000 after buying an additional 755 shares during the last quarter. Aperio Group LLC increased its position in Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after buying an additional 68 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Super Micro Computer during the first quarter valued at $207,000. 72.13% of the stock is owned by hedge funds and other institutional investors.
About Super Micro Computer
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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