Nomura Securities Lowers Super Micro Computer (NASDAQ:SMCI) to Hold

Nomura Securities lowered shares of Super Micro Computer (NASDAQ:SMCI) from a strong-buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

Other research analysts also recently issued reports about the stock. Northland Securities boosted their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a research report on Monday, March 25th. Bank of America increased their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. KeyCorp assumed coverage on Super Micro Computer in a research report on Wednesday, April 24th. They set a sector weight rating on the stock. StockNews.com lowered Super Micro Computer from a hold rating to a sell rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group lowered their target price on Super Micro Computer from $937.00 to $800.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $994.15.

Super Micro Computer Stock Up 0.5 %

NASDAQ SMCI opened at $899.98 on Wednesday. Super Micro Computer has a 1 year low of $226.59 and a 1 year high of $1,229.00. The stock has a market capitalization of $50.34 billion, a PE ratio of 50.45, a PEG ratio of 0.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The business’s 50-day moving average is $843.33 and its 200 day moving average is $777.11.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Sell-side analysts forecast that Super Micro Computer will post 21.11 earnings per share for the current year.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock worth $1,116,736 over the last three months. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently modified their holdings of the business. Csenge Advisory Group raised its position in Super Micro Computer by 41.3% in the 2nd quarter. Csenge Advisory Group now owns 2,437 shares of the company’s stock worth $1,997,000 after buying an additional 712 shares during the last quarter. Simplicity Wealth LLC grew its stake in shares of Super Micro Computer by 8.2% in the second quarter. Simplicity Wealth LLC now owns 674 shares of the company’s stock worth $552,000 after acquiring an additional 51 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Super Micro Computer by 14.2% in the second quarter. Valeo Financial Advisors LLC now owns 1,686 shares of the company’s stock worth $1,381,000 after acquiring an additional 210 shares during the period. Clean Yield Group purchased a new position in shares of Super Micro Computer during the second quarter valued at approximately $74,000. Finally, CWM LLC lifted its position in Super Micro Computer by 6.0% during the second quarter. CWM LLC now owns 2,483 shares of the company’s stock valued at $2,034,000 after purchasing an additional 141 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.