Analysts Set Super Micro Computer, Inc. (NASDAQ:SMCI) Price Target at $39.21

Super Micro Computer, Inc. (NASDAQ:SMCI) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.2143.

SMCI has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Super Micro Computer in a report on Wednesday, June 24th. Wolfe Research began coverage on shares of Super Micro Computer in a report on Thursday, June 11th. They set a “peer perform” rating on the stock. Mizuho lowered their target price on shares of Super Micro Computer from $44.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Northland Securities set a $36.00 price target on shares of Super Micro Computer in a research report on Wednesday, July 22nd. Finally, Needham & Company LLC boosted their target price on Super Micro Computer from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $30.32 on Thursday. The stock has a fifty day moving average of $31.80 and a 200-day moving average of $30.48. The stock has a market cap of $18.24 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.38 and a beta of 1.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66. Super Micro Computer has a fifty-two week low of $19.48 and a fifty-two week high of $58.78.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.63 by $0.21. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The firm’s revenue was up 122.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Equities research analysts anticipate that Super Micro Computer will post 2.1 earnings per share for the current year.

Institutional Trading of Super Micro Computer

Several large investors have recently bought and sold shares of SMCI. Trust Asset Management LLC bought a new position in Super Micro Computer in the second quarter worth $164,000. Tema ETFs LLC lifted its stake in shares of Super Micro Computer by 10.5% in the second quarter. Tema ETFs LLC now owns 10,663 shares of the company’s stock worth $313,000 after buying an additional 1,015 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in Super Micro Computer in the 2nd quarter worth approximately $253,000. Contravisory Investment Management Inc. purchased a new stake in Super Micro Computer during the 2nd quarter valued at $49,000. Finally, World Equity Group Inc. raised its stake in shares of Super Micro Computer by 21.3% in the second quarter. World Equity Group Inc. now owns 11,977 shares of the company’s stock worth $351,000 after purchasing an additional 2,100 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

About Super Micro Computer

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.