Wedbush Increases Super Micro Computer (NASDAQ:SMCI) Price Target to $800.00

Super Micro Computer (NASDAQ:SMCI) had its price objective boosted by investment analysts at Wedbush from $530.00 to $800.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Wedbush’s target price suggests a potential upside of 4.92% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Loop Capital boosted their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group began coverage on Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. Finally, Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Moderate Buy” and a consensus price target of $954.38.

Super Micro Computer Price Performance

SMCI opened at $762.52 on Wednesday. The stock has a market capitalization of $42.65 billion, a PE ratio of 42.74, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.19 and a current ratio of 4.69. The company’s 50 day simple moving average is $952.15 and its 200 day simple moving average is $577.91. Super Micro Computer has a 1 year low of $114.32 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the company posted $3.09 earnings per share. Super Micro Computer’s revenue was up 103.0% compared to the same quarter last year. As a group, sell-side analysts expect that Super Micro Computer will post 19.87 EPS for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were 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. Over the last three months, insiders sold 34,252 shares of company stock worth $29,950,223. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC increased its position in Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Versant Capital Management Inc raised its holdings in Super Micro Computer by 42.9% in the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after purchasing an additional 15 shares during the period. TFC Financial Management Inc. lifted its holdings in Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after acquiring an additional 15 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Super Micro Computer by 1.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock valued at $1,283,000 after purchasing an additional 16 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Super Micro Computer by 0.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after acquiring an additional 18 shares during the period. 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.