Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $29.83.

A number of brokerages recently commented on SMCI. TheStreet downgraded shares of Super Micro Computer from a “b-” rating to a “c” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Susquehanna Bancshares Inc downgraded shares of Super Micro Computer from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $23.00 in a research note on Tuesday, September 19th. Citigroup Inc. lowered their target price on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, September 19th. Finally, DA Davidson downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $33.00 to $27.00 in a research note on Monday, September 18th.

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Shares of Super Micro Computer (NASDAQ:SMCI) opened at 22.45 on Wednesday. The company has a market cap of $1.10 billion, a PE ratio of 16.75 and a beta of 0.15. Super Micro Computer has a 12 month low of $20.42 and a 12 month high of $31.75. The firm’s 50-day moving average price is $23.05 and its 200 day moving average price is $24.69.

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

In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the transaction, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 24.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue grew its position in shares of 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 purchasing an additional 3,311 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Super Micro Computer in the second quarter valued at approximately $202,000. Aperio Group LLC grew its position in shares of 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 purchasing an additional 68 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Super Micro Computer in the first quarter valued at approximately $207,000. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Super Micro Computer by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,890 shares of the technology company’s stock valued at $219,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 77.28% of the company’s stock.

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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