Super Micro Computer, Inc. (SMCI) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in a research report released on Friday morning. They currently have a $30.00 target price on the technology company’s stock.

Several other research analysts also recently commented on SMCI. BidaskClub upgraded Super Micro Computer from a sell rating to a hold rating in a research note on Thursday. Maxim Group reaffirmed a buy rating and issued a $43.00 price target (up from $40.00) on shares of Super Micro Computer in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $31.57.

Super Micro Computer (SMCI) traded down 1.86% during trading on Friday, reaching $26.40. 265,102 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $24.38 and its 200-day moving average price is $25.75. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 23.14 and a beta of 0.14. Super Micro Computer has a 12 month low of $18.60 and a 12 month high of $31.75.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $631.12 million during the quarter, compared to the consensus estimate of $599.02 million. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. On average, equities research analysts anticipate that Super Micro Computer will post $1.63 EPS for the current year.

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In related news, Director Hwei-Ming Fred Tsai sold 6,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.10, for a total value of $144,600.00. Following the transaction, the director now owns 254,000 shares of the company’s stock, valued at $6,121,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the completion of the transaction, the vice president now directly owns 3,137 shares in the company, valued at approximately $76,385.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,000 shares of company stock worth $511,580. Company insiders own 24.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock valued at $105,000 after buying an additional 50 shares during the period. Capital Impact Advisors LLC boosted its position in shares of Super Micro Computer by 149.9% in the first quarter. Capital Impact Advisors LLC now owns 62,299 shares of the technology company’s stock valued at $1,579,000 after buying an additional 37,370 shares during the period. Legato Capital Management LLC boosted its position in shares of Super Micro Computer by 1,655.7% in the first quarter. Legato Capital Management LLC now owns 41,118 shares of the technology company’s stock valued at $1,622,000 after buying an additional 38,776 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Super Micro Computer by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the technology company’s stock valued at $388,000 after buying an additional 300 shares during the period. Finally, Foundry Partners LLC purchased a new position in shares of Super Micro Computer during the first quarter valued at about $282,000. 72.13% of the stock is currently owned by institutional investors.

Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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