Super Micro Computer (NASDAQ:SMCI) Raised to Hold at StockNews.com

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

A number of other analysts have also issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a neutral rating on the stock in a research note on Wednesday. Susquehanna raised their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a negative rating in a research report on Tuesday, January 30th. Bank of America raised their price target on shares of 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. Barclays raised their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Finally, Northland Securities raised their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $954.38.

Super Micro Computer Trading Up 2.6 %

SMCI opened at $782.70 on Wednesday. The firm has a market capitalization of $43.78 billion, a P/E ratio of 43.84, a P/E/G ratio of 0.67 and a beta of 1.34. The firm’s 50 day moving average is $947.89 and its 200-day moving average is $579.19. Super Micro Computer has a 52-week low of $131.06 and a 52-week high of $1,229.00. The company has a quick ratio of 1.19, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Insider Activity at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 34,252 shares of company stock worth $29,950,223 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors have recently bought and sold shares of the stock. Silver Oak Advisory Group Inc. purchased a new position in Super Micro Computer in the 1st quarter worth about $203,000. Csenge Advisory Group increased its stake in Super Micro Computer by 19.0% in the 1st quarter. Csenge Advisory Group now owns 1,725 shares of the company’s stock worth $1,742,000 after purchasing an additional 276 shares in the last quarter. Signaturefd LLC increased its stake in Super Micro Computer by 85.0% in the 1st quarter. Signaturefd LLC now owns 851 shares of the company’s stock worth $860,000 after purchasing an additional 391 shares in the last quarter. Clarity Capital Partners LLC purchased a new position in Super Micro Computer in the 1st quarter worth about $2,265,000. Finally, Larson Financial Group LLC increased its stake in Super Micro Computer by 186.7% in the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors 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.