StockNews.com Downgrades Super Micro Computer (NASDAQ:SMCI) to Sell

StockNews.com downgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a sell rating in a research report released on Tuesday.

A number of other analysts have also commented on SMCI. Argus initiated coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a buy rating and a $1,350.00 price target for the company. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a report on Friday, February 16th. They issued an equal weight rating and a $960.00 price objective on the stock. Barclays raised their price objective on shares of 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 shares of 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, Susquehanna raised their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a negative rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $949.85.

Super Micro Computer Stock Up 8.9 %

NASDAQ:SMCI opened at $857.44 on Tuesday. The firm has a 50-day simple moving average of $948.90 and a two-hundred day simple moving average of $564.93. Super Micro Computer has a fifty-two week low of $93.34 and a fifty-two week high of $1,229.00. The firm has a market cap of $47.96 billion, a P/E ratio of 66.94, a P/E/G ratio of 0.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $3.09 earnings per share. The business’s revenue for the quarter was up 103.0% on a year-over-year basis. Analysts predict that Super Micro Computer will post 20.24 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the sale, the director now owns 2,714 shares in the company, valued at $1,292,135.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently bought and sold shares of SMCI. CWM LLC increased its position in Super Micro Computer by 9.4% in the third quarter. CWM LLC now owns 510 shares of the company’s stock worth $140,000 after purchasing an additional 44 shares during the last quarter. Global Retirement Partners LLC increased its position in Super Micro Computer by 436.9% in the third quarter. Global Retirement Partners LLC now owns 553 shares of the company’s stock worth $155,000 after purchasing an additional 450 shares during the last quarter. Avior Wealth Management LLC increased its position in Super Micro Computer by 835.3% during the third quarter. Avior Wealth Management LLC now owns 318 shares of the company’s stock valued at $87,000 after acquiring an additional 284 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Super Micro Computer during the third quarter valued at $62,000. Finally, Meridian Wealth Management LLC bought a new position in Super Micro Computer during the third quarter valued at $263,000. 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.