Super Micro Computer (NASDAQ:SMCI) Now Covered by Rosenblatt Securities

Investment analysts at Rosenblatt Securities started coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $60.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential upside of 56.90% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They set 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 report on Tuesday, February 18th. Finally, Northland Securities reissued an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $51.64.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $38.24 on Monday. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The stock has a market capitalization of $22.69 billion, a PE ratio of 19.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock’s fifty day moving average is $37.08 and its 200-day moving average is $38.64.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $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 is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

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

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.