Super Micro Computer (NASDAQ:SMCI) Earns Buy Rating from Needham & Company LLC

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued on Wednesday, Marketbeat.com reports. They currently have a $39.00 price objective on the stock. Needham & Company LLC’s price objective indicates a potential upside of 21.46% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Citigroup initiated coverage on Super Micro Computer in a report on Tuesday. They issued a “neutral” rating and a $39.00 target price for the company. Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.53.

Super Micro Computer Trading Down 1.1 %

NASDAQ:SMCI opened at $32.11 on Wednesday. The company has a market capitalization of $19.16 billion, a P/E ratio of 16.12 and a beta of 1.36. The stock’s 50 day moving average price is $35.51 and its 200 day moving average price is $35.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, research analysts forecast that Super Micro Computer will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently modified their holdings of the stock. Eastern Bank bought a new position in shares of Super Micro Computer during the first quarter valued at $29,000. Parkside Financial Bank & Trust boosted its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its position in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the fourth quarter worth about $30,000. Finally, Trust Co. of Vermont increased its holdings in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. 84.06% of the stock is currently owned by 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.