Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $53.00 Consensus Target Price from Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $53.00.

Several analysts have weighed in on SMCI shares. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research report on Thursday, March 6th. Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a “buy” rating and a $60.00 target price on the stock. Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price for the company. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $45.00 in a research note on Friday, March 21st.

Insiders Place Their Bets

In other news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $292,869,000. Invesco Ltd. raised its position in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

SMCI opened at $33.15 on Friday. The company has a market cap of $19.67 billion, a P/E ratio of 16.64 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $40.16 and its 200-day moving average price is $36.81. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $102.03.

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.