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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat reports. Two 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 given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.73.

A number of equities research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $55.00 price target on shares of Super Micro Computer in a report on Wednesday, April 30th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Barclays dropped their price target on Super Micro Computer from $59.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on shares of Super Micro Computer from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Finally, Mizuho reduced their price target on shares of Super Micro Computer from $50.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th.

Insider Buying and Selling

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction 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 transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter valued at approximately $30,000. Trust Co. of Vermont boosted its stake in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in Super Micro Computer in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Down 4.6 %

Shares of NASDAQ:SMCI opened at $32.17 on Tuesday. The company has a market capitalization of $19.20 billion, a PE ratio of 16.15 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $101.40. The business has a fifty day moving average price of $35.96 and a two-hundred day moving average price of $35.48.

About Super Micro Computer

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.