Super Micro Computer (NASDAQ:SMCI) Upgraded to “Hold” at KeyCorp

KeyCorp upgraded shares of Super Micro Computer (NASDAQ:SMCI) to a hold rating in a report published on Wednesday morning,Zacks.com reports.

A number of other analysts have also issued reports on the stock. KGI Securities began coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Citigroup initiated coverage on Super Micro Computer in a research note on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has given a strong 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 $45.63.

Super Micro Computer Stock Up 8.8%

Super Micro Computer stock opened at $46.61 on Wednesday. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $96.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The firm has a 50 day moving average price of $39.21 and a 200 day moving average price of $37.47. The company has a market capitalization of $27.82 billion, a PE ratio of 24.52 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.66 earnings per share. Research analysts expect that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the director now directly owns 66,903,640 shares of the company’s stock, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now directly owns 88,599 shares in the company, valued at approximately $3,900,127.98. This trade represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 667,000 shares of company stock valued at $29,949,340 over the last three months. 17.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMCI. Blue Trust Inc. boosted its stake in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after buying an additional 825 shares during the period. Principal Securities Inc. raised its position in Super Micro Computer by 250.4% during the 4th quarter. Principal Securities Inc. now owns 3,147 shares of the company’s stock worth $96,000 after buying an additional 2,249 shares during the last quarter. Private Advisor Group LLC raised its position in Super Micro Computer by 545.6% during the 4th quarter. Private Advisor Group LLC now owns 31,978 shares of the company’s stock worth $975,000 after buying an additional 27,025 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Super Micro Computer by 263.1% in the 4th quarter. Sigma Planning Corp now owns 14,341 shares of the company’s stock worth $437,000 after acquiring an additional 10,391 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Super Micro Computer by 606.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,469 shares of the company’s stock valued at $45,000 after acquiring an additional 1,261 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.