Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $1,500.00 at Loop Capital

Super Micro Computer (NASDAQ:SMCI) had its target price boosted by equities research analysts at Loop Capital from $600.00 to $1,500.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s target price would suggest a potential upside of 56.24% from the company’s current price.

A number of other research analysts have also recently issued reports on SMCI. Wells Fargo & Company started coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price target for the company. Wedbush lifted their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Susquehanna upped their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Bank of America raised their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group started coverage on Super Micro Computer in a report on Monday, March 4th. They issued a “neutral” rating and a $941.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $949.85.

Super Micro Computer Stock Down 1.7 %

Shares of NASDAQ:SMCI opened at $960.08 on Tuesday. The firm has a market capitalization of $53.70 billion, a P/E ratio of 74.95, a P/E/G ratio of 0.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock has a 50 day moving average price of $952.30 and a 200-day moving average price of $542.21. Super Micro Computer has a 52-week low of $93.19 and a 52-week high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.09 earnings per share. As a group, equities research analysts anticipate that Super Micro Computer will post 20.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,989 shares of company stock worth $30,113,681. 17.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMCI. Sound Income Strategies LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $25,000. Allworth Financial LP bought a new stake in Super Micro Computer during the third quarter valued at approximately $27,000. Optimum Investment Advisors purchased a new stake in Super Micro Computer during the fourth quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer in the fourth quarter worth approximately $30,000. Finally, FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer during the 4th quarter worth $33,000. Institutional investors own 84.06% of the company’s stock.

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.