Super Micro Computer (NASDAQ:SMCI) Price Target Cut to $890.00 by Analysts at Wells Fargo & Company

Super Micro Computer (NASDAQ:SMCI) had its price objective lowered by Wells Fargo & Company from $960.00 to $890.00 in a research note published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on the company. Susquehanna raised their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a negative rating in a report on Tuesday, January 30th. Barclays raised their target price on Super Micro Computer from $691.00 to $961.00 and gave the company an overweight rating in a report on Tuesday, February 13th. Argus started coverage on Super Micro Computer in a report on Wednesday, March 6th. They set a buy rating and a $1,350.00 target price on the stock. Northland Securities raised their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a report on Monday, March 25th. Finally, StockNews.com lowered Super Micro Computer from a hold rating to a sell rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $738.30 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. Super Micro Computer has a 1 year low of $101.71 and a 1 year high of $1,229.00. The business has a fifty day simple moving average of $952.15 and a 200 day simple moving average of $577.91. The firm has a market cap of $41.29 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of 0.77 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 43.62% and a net margin of 8.88%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $3.09 earnings per share. Super Micro Computer’s quarterly revenue was up 103.0% compared to the same quarter last year. As a group, sell-side analysts predict that Super Micro Computer will post 19.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated 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 $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 34,252 shares of company stock valued at $29,950,223 over the last three months. 17.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec bought a new position in Super Micro Computer during the third quarter worth about $55,943,000. Natixis Advisors L.P. lifted its stake in Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after purchasing an additional 4,118 shares during the period. Shilanski & Associates Inc. lifted its stake in Super Micro Computer by 2.7% during the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after purchasing an additional 134 shares during the period. Geneos Wealth Management Inc. lifted its stake in Super Micro Computer by 154.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after purchasing an additional 2,870 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in Super Micro Computer by 26.5% during the third quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock worth $14,858,000 after purchasing an additional 11,342 shares during the period. 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.