Rosenblatt Securities Reaffirms Buy Rating for Super Micro Computer (NASDAQ:SMCI)

Rosenblatt Securities reissued their buy rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research note released on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a $1,300.00 target price on the stock.

Several other equities analysts have also commented on SMCI. KeyCorp assumed coverage on Super Micro Computer in a research report on Wednesday, April 24th. They set a sector weight rating on the stock. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research report on Monday, March 25th. They set an overweight rating and a $1,150.00 price objective on the stock. StockNews.com lowered Super Micro Computer from a hold rating to a sell rating in a research report on Tuesday, April 23rd. Argus assumed coverage on Super Micro Computer in a research report on Wednesday, March 6th. They set a buy rating and a $1,350.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on Super Micro Computer in a research report on Friday, February 16th. They set an equal weight rating and a $960.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of Moderate Buy and a consensus target price of $954.38.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $782.70 on Wednesday. The company has a current ratio of 4.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $43.78 billion, a PE ratio of 43.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The business’s 50-day moving average price is $947.89 and its 200-day moving average price is $579.19. Super Micro Computer has a 12 month low of $131.06 and a 12 month high of $1,229.00.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now 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. In the last three months, insiders have sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its stake in Super Micro Computer by 14.4% during the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after buying an additional 13 shares during the last quarter. Versant Capital Management Inc raised its stake in Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the last quarter. TFC Financial Management Inc. raised its stake in Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after buying an additional 15 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Super Micro Computer by 1.3% during the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock valued at $1,283,000 after buying an additional 16 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after buying an additional 18 shares during the last quarter. Hedge funds and other 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.