Super Micro Computer (NASDAQ:SMCI) Shares Gap Up Following Analyst Upgrade

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped up before the market opened on Tuesday after Loop Capital raised their price target on the stock from $600.00 to $1,500.00. The stock had previously closed at $882.75, but opened at $901.32. Loop Capital currently has a buy rating on the stock. Super Micro Computer shares last traded at $916.01, with a volume of 889,315 shares.

Other equities analysts have also recently issued reports about the stock. Rosenblatt Securities raised their price objective on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Bank of America lifted 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. Northland Securities lifted 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. The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They set a “neutral” rating and a $941.00 price target on the stock. Finally, Argus initiated coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $949.85.

Insider Transactions at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on 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 directly owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock worth $30,113,681 over the last three months. 17.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in shares of Super Micro Computer during the third quarter valued at about $25,000. Allworth Financial LP acquired a new position in shares of Super Micro Computer during the third quarter valued at about $27,000. Optimum Investment Advisors acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $30,000. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $33,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Up 4.8 %

The firm has a market capitalization of $51.73 billion, a PE ratio of 68.91, a PEG ratio of 0.80 and a beta of 1.28. The firm’s fifty day moving average is $940.88 and its two-hundred day moving average is $534.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping 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 previous year, the company earned $3.09 earnings per share. The firm’s revenue for the quarter was up 103.0% compared to the same quarter last year. On average, equities analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

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.