Super Micro Computer, Inc. (SMCI) Lowered to Sell at Zacks Investment Research


Super Micro Computer, Inc. (NASDAQ:SMCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, July 25th.

According to Zacks, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California. “

SMCI has been the topic of several other reports. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Maxim Group reiterated a “buy” rating and issued a $43.00 price target on shares of Super Micro Computer in a research report on Friday, July 21st. BidaskClub downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 price target (down from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective on shares of Super Micro Computer in a research report on Friday, July 14th. Four 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 $31.29.

Shares of Super Micro Computer (NASDAQ:SMCI) opened at 26.85 on Tuesday. The company’s 50-day moving average price is $25.85 and its 200-day moving average price is $25.33. The firm has a market cap of $1.31 billion, a P/E ratio of 20.04 and a beta of 0.17. Super Micro Computer has a 12 month low of $20.77 and a 12 month high of $31.75.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The business had revenue of $717.90 million for the quarter, compared to the consensus estimate of $714.99 million. During the same period last year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 36.9% on a year-over-year basis. On average, analysts predict that Super Micro Computer will post $1.98 EPS for the current year.

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In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of Super Micro Computer stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $24.51, for a total value of $245,100.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $196,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of Super Micro Computer stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $24.10, for a total transaction of $144,600.00. Following the completion of the transaction, the director now directly owns 254,000 shares of the company’s stock, valued at $6,121,400. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $487,510 over the last ninety days. 23.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Super Micro Computer by 46,673.4% in the first quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock worth $121,025,000 after buying an additional 4,763,953 shares during the last quarter. Cambiar Investors LLC purchased a new position in Super Micro Computer during the first quarter worth approximately $19,909,000. Dimensional Fund Advisors LP boosted its position in Super Micro Computer by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after buying an additional 482,667 shares in the last quarter. United Services Automobile Association boosted its position in Super Micro Computer by 346.3% in the first quarter. United Services Automobile Association now owns 535,500 shares of the technology company’s stock worth $13,575,000 after buying an additional 415,500 shares in the last quarter. Finally, Norges Bank purchased a new position in Super Micro Computer during the fourth quarter worth approximately $11,432,000. 71.58% of the stock is owned by institutional investors and hedge funds.

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.

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