Super Micro Computer, Inc. (NASDAQ:SMCI) Given Consensus Rating of “Hold” by Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given an average rating of “Hold” by the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.29.

SMCI has been the topic of several research reports. The Goldman Sachs Group lifted their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Barclays began coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company.

Super Micro Computer Trading Up 7.8 %

NASDAQ SMCI opened at $42.15 on Monday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $110.61. The firm has a market capitalization of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21. The stock’s 50 day moving average is $38.66 and its 200 day moving average is $37.92.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in Super Micro Computer by 916.9% during the 4th quarter. California State Teachers Retirement System now owns 872,355 shares of the company’s stock worth $26,589,000 after purchasing an additional 786,568 shares during the period. 111 Capital purchased a new position in Super Micro Computer during the 4th quarter worth $338,000. Wealth Enhancement Advisory Services LLC increased its holdings in Super Micro Computer by 515.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,535 shares of the company’s stock worth $656,000 after purchasing an additional 18,038 shares during the period. Centaurus Financial Inc. purchased a new position in Super Micro Computer during the 4th quarter worth $206,000. Finally, Castle Rock Wealth Management LLC purchased a new position in Super Micro Computer during the 4th quarter worth $207,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.