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

Super Micro Computer (NASDAQ:SMCI) had its target price raised by Loop Capital from $600.00 to $1,500.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently commented on SMCI. Wedbush raised their price objective on Super Micro Computer from $250.00 to $530.00 and gave the stock a neutral rating in a report on Tuesday, January 30th. The Goldman Sachs Group assumed coverage on Super Micro Computer in a report on Monday, March 4th. They set a neutral rating and a $941.00 price objective on the stock. Barclays raised their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Northland Securities raised their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a report on Monday, March 25th. Finally, Bank of America lifted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a buy rating in a report on Wednesday, March 13th. 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. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of Moderate Buy and an average target price of $949.85.

Super Micro Computer Trading Down 23.1 %

Shares of NASDAQ SMCI opened at $713.65 on Tuesday. 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 business’s 50 day moving average price is $956.38 and its 200-day moving average price is $547.85. Super Micro Computer has a fifty-two week low of $93.19 and a fifty-two week high of $1,229.00. The company has a market cap of $39.91 billion, a price-to-earnings ratio of 55.71, a PEG ratio of 0.85 and a beta of 1.28.

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 firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 earnings per share. On average, sell-side analysts expect that Super Micro Computer will post 20.24 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 in the last quarter. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New Hampshire acquired a new stake in Super Micro Computer during the 1st quarter worth about $35,000. Versant Capital Management Inc lifted its position in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new stake in Super Micro Computer during the 1st quarter worth about $61,000. Sound Income Strategies LLC acquired a new stake in Super Micro Computer during the 3rd quarter worth about $25,000. Finally, Allworth Financial LP acquired a new stake in Super Micro Computer during the 3rd quarter worth about $27,000. Institutional investors and hedge funds 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.