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.

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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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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