Super Micro Computer (NASDAQ:SMCI) Upgraded by StockNews.com to “Sell” Rating

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

Several other research firms have also recently weighed in on SMCI. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday. Wedbush reissued a “neutral” rating and issued a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research report on Wednesday. Mizuho set a $34.00 price target on Super Micro Computer in a research report on Tuesday. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $45.53.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $32.11 on Thursday. The company has a market capitalization of $19.16 billion, a P/E ratio of 16.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a 50 day moving average price of $35.51 and a two-hundred day moving average price of $35.34. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $101.40.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts expect that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last ninety days. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMCI. Eastern Bank purchased a new position in Super Micro Computer during the first quarter worth approximately $29,000. Parkside Financial Bank & Trust raised its position in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC boosted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the fourth quarter valued at $30,000. Finally, Trust Co. of Vermont grew its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.