Super Micro Computer (NASDAQ:SMCI) PT Raised to $1,300.00

Super Micro Computer (NASDAQ:SMCI) had its price objective raised by Northland Securities from $925.00 to $1,300.00 in a report issued on Monday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a buy rating in a report on Tuesday, February 20th. Wells Fargo & Company started coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They set an equal weight rating and a $960.00 price target on the stock. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a negative rating in a research note on Tuesday, January 30th. The Goldman Sachs Group started coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They set a neutral rating and a $941.00 price target on the stock. Finally, Barclays raised their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an overweight rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Super Micro Computer presently has an average rating of Moderate Buy and an average price target of $865.23.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $1,010.03 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $834.14 and a two-hundred day moving average price of $472.22. Super Micro Computer has a twelve month low of $93.19 and a twelve month high of $1,229.00. The company has a market capitalization of $56.49 billion, a P/E ratio of 78.85, a price-to-earnings-growth ratio of 0.93 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm posted $3.09 EPS. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. As a group, research analysts expect that Super Micro Computer will post 19.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $280.00, for a total value of $84,000.00. Following the transaction, the director now owns 20,387 shares in the company, valued at $5,708,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,289 shares of company stock valued at $30,197,681. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in Super Micro Computer in the third quarter valued at approximately $25,000. Allworth Financial LP purchased a new position in Super Micro Computer in the third quarter valued at approximately $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the fourth quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the fourth quarter valued at approximately $30,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $33,000. Hedge funds and other 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.