Super Micro Computer’s (NASDAQ:SMCI) “Positive” Rating Reaffirmed at Susquehanna Bancshares Inc
Super Micro Computer, Inc. (NASDAQ:SMCI)‘s stock had its “positive” rating reaffirmed by Susquehanna Bancshares Inc in a research note issued on Sunday. They currently have a $31.00 price objective on the technology company’s stock, down from their prior price objective of $33.00. Susquehanna Bancshares Inc’s price target suggests a potential upside of 20.62% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Maxim Group reaffirmed a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. BidaskClub raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Super Micro Computer in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Super Micro Computer has a consensus rating of “Buy” and a consensus price target of $31.29.
Shares of Super Micro Computer (SMCI) traded down 5.17% during mid-day trading on Friday, reaching $25.70. 1,485,100 shares of the company’s stock were exchanged. The firm has a market cap of $1.25 billion, a P/E ratio of 22.54 and a beta of 0.14. Super Micro Computer has a 52-week low of $19.32 and a 52-week high of $31.75. The company has a 50 day moving average price of $24.88 and a 200 day moving average price of $25.45.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $631.12 million for the quarter, compared to analyst estimates of $599.02 million. Super Micro Computer had a net margin of 2.53% and a return on equity of 7.96%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Analysts forecast that Super Micro Computer will post $1.62 earnings per share for the current fiscal year.
In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $24.51, for a total transaction of $245,100.00. Following the completion of the sale, the director now owns 8,000 shares of the company’s stock, valued at approximately $196,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.35, for a total transaction of $48,700.00. Following the sale, the vice president now directly owns 3,137 shares of the company’s stock, valued at approximately $76,385.95. The disclosure for this sale can be found here. Insiders have sold a total of 21,000 shares of company stock valued at $511,580 in the last three months. 23.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in SMCI. Peregrine Capital Management LLC bought a new stake in Super Micro Computer during the second quarter valued at approximately $4,839,000. Aperio Group LLC boosted its stake 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 in the last quarter. Louisiana State Employees Retirement System boosted its stake in Super Micro Computer by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock valued at $382,000 after buying an additional 200 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in Super Micro Computer by 1.7% in the second quarter. Cascade Investment Advisors Inc. now owns 37,650 shares of the technology company’s stock valued at $928,000 after buying an additional 625 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Super Micro Computer by 79.6% in the second quarter. State of Alaska Department of Revenue now owns 7,471 shares of the technology company’s stock valued at $184,000 after buying an additional 3,311 shares in the last quarter. 72.13% of the stock is owned by institutional investors and hedge funds.
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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