Rosenblatt Securities Reaffirms “Buy” Rating for Super Micro Computer (NASDAQ:SMCI)

Rosenblatt Securities reissued their buy rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research report report published on Wednesday, Benzinga reports. The firm currently has a $1,300.00 price target on the stock.

Other equities analysts have also issued reports about the stock. Loop Capital raised their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Wells Fargo & Company dropped their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an equal weight rating for the company in a research report on Wednesday, May 1st. Bank of America cut shares of Super Micro Computer from a buy rating to a neutral rating and cut their price target for the stock from $1,090.00 to $700.00 in a research note on Wednesday. StockNews.com cut shares of Super Micro Computer from a hold rating to a sell rating in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group cut their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of Hold and an average price target of $911.85.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $1.18 during trading hours on Wednesday, reaching $508.76. 5,918,963 shares of the company were exchanged, compared to its average volume of 8,283,002. Super Micro Computer has a 1 year low of $226.59 and a 1 year high of $1,229.00. The business’s 50 day simple moving average is $787.20 and its 200-day simple moving average is $834.54. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $28.46 billion, a P/E ratio of 28.52, a P/E/G ratio of 0.40 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). Super Micro Computer had a return on equity of 35.06% and a net margin of 8.09%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business posted $3.43 EPS. The business’s quarterly revenue was up 142.9% on a year-over-year basis. On average, equities research analysts expect that Super Micro Computer will post 29.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tally C. Liu sold 500 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. grew its position in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in Super Micro Computer during the 2nd quarter valued at about $25,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer during the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC bought a new position in Super Micro Computer during the 4th quarter valued at about $33,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.