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.
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