Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $1,300.00

Super Micro Computer (NASDAQ:SMCI) had its price target increased by Northland Securities from $925.00 to $1,300.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Susquehanna boosted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a negative rating in a research report on Tuesday, January 30th. Wedbush boosted their price objective on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Bank of America boosted their price objective 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. Barclays boosted their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday. They set an overweight rating and a $1,150.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $865.23.

Super Micro Computer Stock Down 0.2 %

Shares of Super Micro Computer stock opened at $1,023.29 on Monday. Super Micro Computer has a 52-week low of $93.19 and a 52-week high of $1,229.00. The company has a 50 day moving average of $820.17 and a 200 day moving average of $468.46. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $57.23 billion, a P/E ratio of 79.88, a P/E/G ratio of 0.95 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the firm earned $3.09 earnings per share. The firm’s quarterly revenue was up 103.0% on a year-over-year basis. As a group, research analysts forecast that Super Micro Computer will post 19.66 EPS for the current fiscal year.

Insider Activity

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $280.00, for a total value of $84,000.00. Following the transaction, the director now directly owns 20,387 shares of the company’s stock, valued at approximately $5,708,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $280.00, for a total value of $84,000.00. Following the transaction, the director now directly owns 20,387 shares of the company’s stock, valued at approximately $5,708,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 35,289 shares of company stock valued at $30,197,681 in the last ninety days. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth about $140,751,000. Millennium Management LLC boosted its position in shares of Super Micro Computer by 379.5% in the 2nd quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock worth $24,586,000 after buying an additional 482,230 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Super Micro Computer by 4,603.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company’s stock worth $826,000 after buying an additional 461,808 shares in the last quarter. Finally, Norges Bank purchased a new position in Super Micro Computer in the 4th quarter valued at about $95,211,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

About Super Micro Computer

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.