Super Micro Computer’s (NASDAQ:SMCI) “Positive” Rating Reaffirmed at Susquehanna Bancshares Inc

Super Micro Computer, Inc. (NASDAQ:SMCI)‘s stock had its “positive” rating reiterated by research analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Sunday, July 23rd. They currently have a $31.00 price objective on the technology company’s stock, down from their previous price objective of $33.00. Susquehanna Bancshares Inc’s target price would indicate a potential upside of 15.89% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine raised Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Maxim Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of Super Micro Computer in a research note on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price target on shares of Super Micro Computer in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $31.29.

Shares of Super Micro Computer (NASDAQ SMCI) traded down 0.56% during trading on Friday, hitting $26.75. 255,277 shares of the company’s stock were exchanged. Super Micro Computer has a 1-year low of $20.77 and a 1-year high of $31.75. The firm has a market capitalization of $1.31 billion, a PE ratio of 19.96 and a beta of 0.17. The stock’s 50 day moving average is $26.25 and its 200 day moving average is $25.32.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. Super Micro Computer’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. On average, equities research analysts forecast that Super Micro Computer will post $2.03 earnings per share for the current year.

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In related news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the sale, the vice president now directly owns 3,137 shares in the company, valued at $76,385.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $24.10, for a total value of $144,600.00. Following the completion of the sale, the director now owns 254,000 shares in the company, valued at $6,121,400. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $487,510 in the last ninety days. 23.60% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Super Micro Computer during the fourth quarter worth about $1,334,000. State Street Corp boosted its position in Super Micro Computer by 7.1% in the fourth quarter. State Street Corp now owns 818,290 shares of the technology company’s stock worth $22,953,000 after buying an additional 54,076 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Super Micro Computer by 3.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,000 shares of the technology company’s stock worth $561,000 after buying an additional 670 shares during the last quarter. Norges Bank acquired a new position in Super Micro Computer during the fourth quarter worth about $11,432,000. Finally, Teachers Advisors LLC boosted its position in Super Micro Computer by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 87,001 shares of the technology company’s stock worth $2,440,000 after buying an additional 2,979 shares during the last quarter. Hedge funds and other institutional investors own 72.25% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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