Super Micro Computer, Inc. (SMCI) Upgraded at Zacks Investment Research


Zacks Investment Research upgraded shares of Super Micro Computer, Inc. (NASDAQ:SMCI) from a sell rating to a hold rating in a research note published on Friday morning.

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. “

A number of other equities research analysts also recently weighed in on SMCI. BidaskClub raised Super Micro Computer from a sell rating to a hold rating in a report on Thursday, July 13th. ValuEngine downgraded Super Micro Computer from a buy rating to a hold rating in a report on Thursday, July 27th. Maxim Group reissued a buy rating and set a $43.00 target price on shares of Super Micro Computer in a report on Friday, July 21st. Stifel Nicolaus reissued a hold rating and set a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. Finally, Susquehanna Bancshares Inc reissued a positive rating and set a $31.00 target price (down previously from $33.00) on shares of Super Micro Computer in a report on Sunday, July 23rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $31.29.

Shares of Super Micro Computer (SMCI) traded up 1.583% during trading on Friday, hitting $27.275. 190,069 shares of the stock were exchanged. Super Micro Computer has a 1-year low of $20.77 and a 1-year high of $31.75. The company has a market cap of $1.33 billion, a P/E ratio of 20.354 and a beta of 0.17. The firm’s 50-day moving average is $25.85 and its 200 day moving average is $25.34.

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

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In other Super Micro Computer news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of Super Micro Computer stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $24.35, for a total value of $48,700.00. Following the transaction, the vice president now owns 3,137 shares in the company, valued at $76,385.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sherman Tuan sold 10,000 shares of Super Micro Computer stock in a transaction dated 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 owns 8,000 shares in the company, valued at approximately $196,080. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,000 shares of company stock valued at $487,510. 24.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. State of Alaska Department of Revenue boosted its position in 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 worth $105,000 after buying an additional 50 shares in the last quarter. Aperio Group LLC boosted its position in Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after buying an additional 68 shares in the last quarter. US Bancorp DE boosted its position in Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after buying an additional 176 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Super Micro Computer by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $382,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Super Micro Computer by 1.0% in the second quarter. Arizona State Retirement System now owns 19,850 shares of the technology company’s stock worth $489,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 72.25% of the company’s stock.

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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Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)




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