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

Super Micro Computer (NASDAQ:SMCI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

SMCI has been the topic of several other reports. Wells Fargo & Company assumed coverage on Super Micro Computer in a research note on Friday, February 16th. They issued an “equal weight” rating and a $960.00 price objective on the stock. Susquehanna increased their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Rosenblatt Securities increased their price target on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Bank of America upped their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Wedbush raised their price target on Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $949.85.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $754.72 on Tuesday. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 58.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. Super Micro Computer has a 12-month low of $93.19 and a 12-month high of $1,229.00. The company’s 50-day moving average is $952.15 and its two-hundred day moving average is $559.41.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. Super Micro Computer’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 EPS. Research analysts expect that Super Micro Computer will post 20.24 EPS for the current year.

Insider Transactions at Super Micro Computer

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 transaction of $458,008.20. Following the completion of the transaction, the director now directly owns 2,714 shares in the company, valued at $1,292,135.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,989 shares of company stock valued at $30,113,681. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently modified their holdings of the company. Hennessy Advisors Inc. raised its position in Super Micro Computer by 28.1% in the third quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock worth $76,864,000 after acquiring an additional 61,500 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Super Micro Computer during the 3rd quarter worth $55,943,000. Natixis Advisors L.P. increased its holdings in shares of Super Micro Computer by 31.4% during the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after buying an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. raised its holdings in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after purchasing an additional 134 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Super Micro Computer by 154.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $1,344,000 after acquiring an additional 2,870 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other 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.