Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) earned a consensus rating of “Buy” from the six analysts who currently cover the company, MarketBeat.com reports. Six analysts rated the stock with a buy rating. The 12-month average price target among analysts who have covered the stock over the past year is $50.60.
Separately, Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a Tuesday, February 8 research report. .
Shares of Super Micro Computer opened at $41.99 on Friday. The company has a market capitalization of $2.17 billion, a P/E ratio of 17.87 and a beta of 1.38. Super Micro Computer has a 1 year minimum of $32.88 and a 1 year maximum of $47.99. The company has a 50-day moving average of $40.67 and a 200-day moving average of $40.69. The company has a current ratio of 1.91, a quick ratio of 0.75 and a debt ratio of 0.12.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last released quarterly earnings data on Monday, January 31. The company reported earnings per share (EPS) of $0.88 for the quarter, beating Thomson Reuters consensus estimate of $0.78 by $0.10. Super Micro Computer had a return on equity of 11.50% and a net margin of 3.00%. The company posted revenue of $1.17 billion in the quarter, compared to analysts’ estimates of $1.15 billion. During the same period of the previous year, the company achieved EPS of $0.55. Super Micro Computer’s quarterly revenue increased by 41.2% compared to the same quarter last year. Research analysts expect Super Micro Computer to post an EPS of 2.67 for the current fiscal year.
In other Super Micro Computer news, Director Sherman Tuan sold 9,604 shares of the company in a trade that took place on Thursday, February 10. The stock was sold at an average price of $39.00, for a total value of $374,556.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Additionally, CEO Charles Liang sold 29,000 shares of the company in a transaction that took place on Wednesday, January 19. The shares were sold at an average price of $43.29, for a total value of $1,255,410.00. The disclosure of this sale can be found here. Insiders hold 16.70% of the shares of the company.
Institutional investors and hedge funds have recently changed their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Super Micro Computer in Q3, valued at around $80,000. Cornerstone Investment Partners LLC bought a new stock position in Super Micro Computer in Q4, valued at approximately $204,000. Allianz Asset Management GmbH bought a new position in shares of Super Micro Computer in the 4th quarter, valued at approximately $224,000. Walleye Trading LLC acquired a new stake in shares of Super Micro Computer during Q4 worth approximately $231,000. Finally, Lazard Asset Management LLC increased its stake in Super Micro Computer shares by 22.6% in the 4th quarter. Lazard Asset Management LLC now owns 5,542 shares of the company worth $243,000 after purchasing an additional 1,022 shares in the last quarter. 69.02% of the shares are held by institutional investors.
About the super microcomputer (Get an evaluation)
Super Micro Computer, Inc. manufactures servers and other computer products. Its products include Twin Solutions, MP Servers, GPU & Coprocessor, MicroCloud, Networking, Embedded, Gaming, AMD Solutions, Power Supplies, SuperServer, Storage, Motherboards, Chassis, Super Workstations, Accessories, SuperRack and Server Management.
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