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

Raymond James initiated coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage issued an outperform rating and a $41.00 price objective on the stock.

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

Super Micro Computer Trading Up 16.0%

Shares of SMCI stock opened at $38.89 on Tuesday. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $101.40. The firm’s fifty day simple moving average is $35.30 and its 200 day simple moving average is $35.02. The firm has a market capitalization of $23.21 billion, a P/E ratio of 19.52 and a beta of 1.36. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Super Micro Computer’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that Super Micro Computer will post 1.86 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC bought a new position in shares of Super Micro Computer in the 4th quarter valued at about $292,869,000. Invesco Ltd. boosted its stake in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after purchasing an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. Institutional investors and hedge funds 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.