Mizuho Boosts Super Micro Computer (NASDAQ:SMCI) Price Target to $40.00

by · The Cerbat Gem

Super Micro Computer (NASDAQ:SMCI – Free Report) had its target price upped by Mizuho from $32.00 to $40.00 in a research note released on Monday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on SMCI. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Thursday, May 8th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Rosenblatt Securities lowered their target price on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.63.

Read Our Latest Stock Report on SMCI

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $41.65 on Monday. The stock has a market cap of $24.86 billion, a P/E ratio of 20.91 and a beta of 1.36. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $101.40. The stock has a 50 day moving average of $35.79 and a two-hundred day moving average of $35.33. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the company posted $0.66 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, research analysts forecast that Super Micro Computer will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of the company’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 value of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on 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 directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last quarter. Company insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Eastern Bank purchased a new position in Super Micro Computer during the 1st quarter valued at about $29,000. Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Super Micro Computer by 902.0% during the 4th 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 position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

(Get Free Report)

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.

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