Super Micro Computer (NASDAQ:SMCI) Price Target Increased to $1,500.00 by Analysts at Loop Capital

Super Micro Computer (NASDAQ:SMCI) had its price objective increased by Loop Capital from $600.00 to $1,500.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Northland Securities boosted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an outperform rating in a research note on Monday, March 25th. Wells Fargo & Company started coverage on Super Micro Computer in a research note on Friday, February 16th. They set an equal weight rating and a $960.00 target price on the stock. The Goldman Sachs Group started coverage on Super Micro Computer in a research note on Monday, March 4th. They set a neutral rating and a $941.00 target price on the stock. Bank of America boosted their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a buy rating in a research note on Wednesday, March 13th. Finally, Wedbush boosted their target price on Super Micro Computer from $250.00 to $530.00 and gave the company a neutral rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Super Micro Computer presently has a consensus rating of Moderate Buy and a consensus target price of $949.85.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $713.65 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The business’s 50 day simple moving average is $956.38 and its two-hundred day simple moving average is $547.85. The stock has a market capitalization of $39.91 billion, a P/E ratio of 55.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.28. Super Micro Computer has a one year low of $93.19 and a one year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.09 EPS. Analysts forecast that Super Micro Computer will post 20.24 EPS for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. International Assets Investment Management LLC lifted its holdings in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Super Micro Computer during the third quarter valued at $140,751,000. Millennium Management LLC increased its position in Super Micro Computer by 379.5% during the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock valued at $24,586,000 after acquiring an additional 482,230 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Super Micro Computer by 4,603.3% during the first quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company’s stock valued at $826,000 after acquiring an additional 461,808 shares during the last quarter. Finally, Norges Bank purchased a new stake in Super Micro Computer during the fourth quarter valued at $95,211,000. 84.06% of the stock is owned by institutional investors.

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.