Super Micro Computer, Inc. (NASDAQ:SMCI) has been assigned a $30.00 target price by equities research analysts at Stifel Nicolaus in a research note issued on Tuesday. The brokerage currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 9.89% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $31.00 price target (down previously from $33.00) on shares of Super Micro Computer in a research note on Sunday, July 23rd. Maxim Group reiterated a “buy” rating and set a $43.00 price target on shares of Super Micro Computer in a research note on Friday, July 21st. Finally, BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.29.

Super Micro Computer (SMCI) traded down 0.55% during mid-day trading on Tuesday, reaching $27.15. The company had a trading volume of 144,563 shares. Super Micro Computer has a one year low of $20.77 and a one year high of $31.75. The stock has a 50 day moving average price of $26.02 and a 200 day moving average price of $25.29. The company has a market capitalization of $1.33 billion, a P/E ratio of 20.26 and a beta of 0.17.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million during the quarter, compared to the consensus estimate of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. On average, equities analysts expect that Super Micro Computer will post $1.98 earnings per share for the current fiscal year.

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In other news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the transaction, the vice president now owns 3,137 shares in the company, valued at approximately $76,385.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sherman Tuan sold 10,000 shares of the business’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 owns 8,000 shares in the company, valued at approximately $196,080. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock valued at $487,510 in the last quarter. Company insiders own 24.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Super Micro Computer by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 240,843 shares of the technology company’s stock worth $5,903,000 after buying an additional 3,897 shares during the last quarter. Emerald Advisers Inc. PA increased its position in shares of Super Micro Computer by 14.8% in the fourth quarter. Emerald Advisers Inc. PA now owns 442,475 shares of the technology company’s stock worth $10,845,000 after buying an additional 56,987 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Super Micro Computer by 14.3% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 45,480 shares of the technology company’s stock worth $1,115,000 after buying an additional 5,700 shares during the last quarter. GW&K Investment Management acquired a new position in shares of Super Micro Computer during the fourth quarter worth $6,010,000. Finally, Lombardia Capital Partners LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth $8,136,000. Hedge funds and other institutional investors own 72.25% of the company’s stock.

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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