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.

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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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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