Super Micro Computer (NASDAQ:SMCI) Now Covered by Raymond James

Stock analysts at Raymond James began coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set an “outperform” rating and a $41.00 price target on the stock. Raymond James’ price objective would indicate a potential downside of 8.89% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered shares of Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Citigroup assumed coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They set a “neutral” rating and a $39.00 price target for the company. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.25.

Super Micro Computer Stock Up 15.7%

Shares of NASDAQ SMCI opened at $45.00 on Tuesday. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $101.40. The company has a market capitalization of $26.86 billion, a PE ratio of 22.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $35.09.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Equities analysts anticipate that Super Micro Computer will post 1.86 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 3.9% in the first quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company’s stock valued at $2,205,322,000 after purchasing an additional 2,415,276 shares during the period. Geode Capital Management LLC boosted its stake in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC bought a new position in Super Micro Computer during the 4th quarter valued at $292,869,000. Invesco Ltd. boosted its stake in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

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.