Super Micro Computer (NASDAQ:SMCI) Price Target Increased to $1,500.00 by Analysts at Loop Capital

Super Micro Computer (NASDAQ:SMCI) had its target price increased by Loop Capital from $600.00 to $1,500.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on SMCI. Argus began coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a buy rating and a $1,350.00 price objective on the stock. Northland Securities lifted their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a report on Monday, March 25th. Susquehanna lifted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an overweight rating and a $1,150.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a report on Monday, March 4th. They set a neutral rating and a $941.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of Moderate Buy and an average price target of $949.85.

Super Micro Computer Stock Performance

Shares of SMCI opened at $976.30 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer has a twelve month low of $93.19 and a twelve month high of $1,229.00. The firm’s 50 day moving average price is $946.77 and its two-hundred day moving average price is $539.27. The firm has a market cap of $54.60 billion, a P/E ratio of 76.21, a PEG ratio of 0.80 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $3.09 earnings per share. The business’s revenue was up 103.0% on a year-over-year basis. On average, analysts forecast that Super Micro Computer will post 20.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock valued at $30,113,681 over the last ninety days. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently modified their holdings of SMCI. Fairfield Bush & CO. bought a new stake in shares of Super Micro Computer in the first quarter valued at about $126,000. MetLife Investment Management LLC boosted its position in shares of Super Micro Computer by 55.4% in the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock valued at $954,000 after acquiring an additional 8,927 shares during the period. BlackRock Inc. lifted its position in Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after purchasing an additional 275,725 shares during the period. Great West Life Assurance Co. Can lifted its position in Super Micro Computer by 21.1% during the first quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock worth $114,000 after purchasing an additional 493 shares during the period. Finally, LSV Asset Management bought a new stake in Super Micro Computer during the first quarter worth about $259,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.