Super Micro Computer, Inc. (NASDAQ:SMCI) Stock Has Average Target Price of $43.08

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $43.08.

SMCI has been the topic of several research analyst reports. Zacks Research downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price target on shares of Super Micro Computer in a report on Wednesday, August 12th. Wall Street Zen raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Bank of America raised their price objective on shares of Super Micro Computer from $38.00 to $39.00 and gave the stock an “underperform” rating in a report on Wednesday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Super Micro Computer in a research report on Wednesday, November 4th.

Insider Buying and Selling at Super Micro Computer

In other news, Director Chiu-Chu Liang sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $45.02, for a total value of $4,502,000.00. Following the completion of the sale, the director owned 337,506 shares of the company’s stock, valued at approximately $15,194,520.12. This represents a 22.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $45.02, for a total value of $4,502,000.00. Following the completion of the sale, the chief executive officer directly owned 337,506 shares of the company’s stock, valued at approximately $15,194,520.12. The trade was a 22.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 400,000 shares of company stock valued at $16,442,000 in the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

A number of large investors have recently added to or reduced their stakes in the company. SLT Holdings LLC boosted its holdings in shares of Super Micro Computer by 3.0% in the 3rd quarter. SLT Holdings LLC now owns 10,400 shares of the company’s stock valued at $427,000 after purchasing an additional 300 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Super Micro Computer by 3.8% during the 1st quarter. World Equity Group Inc. now owns 9,877 shares of the company’s stock worth $225,000 after buying an additional 362 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its holdings in shares of Super Micro Computer by 235.2% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 600 shares of the company’s stock worth $25,000 after buying an additional 421 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Super Micro Computer by 0.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,205 shares of the company’s stock worth $2,669,000 after buying an additional 564 shares during the last quarter. Finally, MCF Advisors LLC raised its position in shares of Super Micro Computer by 22.8% in the 2nd quarter. MCF Advisors LLC now owns 3,667 shares of the company’s stock worth $108,000 after buying an additional 680 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 0.6%

Shares of NASDAQ:SMCI opened at $28.60 on Friday. The company has a quick ratio of 2.07, a current ratio of 3.02 and a debt-to-equity ratio of 0.56. The firm has a market cap of $18.79 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.46 and a beta of 2.17. The company’s 50-day moving average price is $37.27 and its two-hundred day moving average price is $32.64. Super Micro Computer has a 12 month low of $19.48 and a 12 month high of $51.40.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.53. The business had revenue of $19.95 billion for the quarter, compared to analyst estimates of $16.29 billion. Super Micro Computer had a net margin of 6.77% and a return on equity of 38.97%. Super Micro Computer’s revenue was up 297.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, research analysts forecast that Super Micro Computer will post 4.31 EPS for the current fiscal year.

About Super Micro Computer

Super Micro Computer, Inc designs and sells server and storage systems, networking equipment, and related software and services. Its offerings include systems for data centers, cloud computing, enterprise applications, high-performance computing, artificial intelligence, and edge computing.

The company emphasizes application-optimized solutions, including integrated rack-scale systems that combine computing, storage, networking, and management tools. It also provides system configuration, deployment, and support services.

Founded in 1993 and headquartered in San Jose, California, Super Micro serves customers around the world.