Loop Capital Increases Super Micro Computer (NASDAQ:SMCI) Price Target to $1,500.00

Super Micro Computer (NASDAQ:SMCI) had its target price raised by stock analysts at Loop Capital from $600.00 to $1,500.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price objective would suggest a potential upside of 56.24% from the stock’s previous close.

SMCI has been the topic of several other research reports. Barclays raised their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Argus initiated coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target for the company. Northland Securities increased their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a report on Monday, March 4th. They set a “neutral” rating and a $941.00 target price for the company. Finally, Bank of America increased their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Moderate Buy” and a consensus target price of $949.85.

Super Micro Computer Stock Down 1.7 %

Shares of NASDAQ:SMCI opened at $960.08 on Tuesday. Super Micro Computer has a 12 month low of $93.19 and a 12 month high of $1,229.00. The firm has a market cap of $53.70 billion, a P/E ratio of 74.95, a P/E/G ratio of 0.78 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $952.30 and its two-hundred day moving average price is $542.21.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS 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 business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the firm earned $3.09 earnings per share. Super Micro Computer’s revenue was up 103.0% compared to the same quarter last year. As a group, research analysts forecast that Super Micro Computer will post 20.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Don W. Clegg sold 28,727 shares of the company’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 completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock worth $30,113,681 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Fairfield Bush & CO. acquired a new position in Super Micro Computer during the 1st quarter worth approximately $126,000. MetLife Investment Management LLC lifted its position in shares of Super Micro Computer by 55.4% in the first quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock worth $954,000 after purchasing an additional 8,927 shares in the last quarter. BlackRock Inc. boosted its holdings in Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after purchasing an additional 275,725 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Super Micro Computer by 21.1% in the first quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock valued at $114,000 after purchasing an additional 493 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in Super Micro Computer in the 1st quarter valued at $259,000. 84.06% of the stock is currently owned by institutional investors.

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.