Super Micro Computer's (SMCI) "Neutral" Rating Reaffirmed at Wedbush

Wedbush reissued their neutral rating on shares of Super Micro Computer (NASDAQ:SMCI - Free Report) in a research report released on Friday morning, MarketBeat reports. Wedbush currently has a $800.00 price target on the stock.

A number of other brokerages have also issued reports on SMCI. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Nomura lowered shares of Super Micro Computer from a buy rating to a neutral rating and set a $930.00 price target for the company. in a research note on Wednesday, July 10th. Wells Fargo & Company dropped their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an equal weight rating for the company in a research note on Wednesday, May 1st. KeyCorp started coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a sector weight rating for the company. Finally, Susquehanna lifted their price objective on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a negative rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of Hold and a consensus target price of $999.92.

Super Micro Computer Stock Down 7.1 %

Shares of SMCI traded down $47.59 during mid-day trading on Friday, reaching $624.65. 7,661,164 shares of the stock traded hands, compared to its average volume of 8,197,505. The firm has a market cap of $34.94 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 0.44 and a beta of 1.27. The stock has a fifty day simple moving average of $821.86 and a 200 day simple moving average of $826.16. Super Micro Computer has a 12-month low of $226.59 and a 12-month high of $1,229.00. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Sell-side analysts expect that Super Micro Computer will post 21.11 EPS for the current fiscal year.

Insider Activity at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the business's stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Company insiders own 17.60% of the company's stock.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Super Micro Computer during the 1st quarter worth about $98,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $1,423,000. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company's stock valued at $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Super Micro Computer by 168.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company's stock valued at $59,180,000 after buying an additional 36,795 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Super Micro Computer by 1,516.8% in the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company's stock valued at $56,420,000 after buying an additional 51,906 shares in the last quarter. Institutional investors and hedge funds 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.