Wells Fargo & Company Lowers Super Micro Computer (NASDAQ:SMCI) Price Target to $890.00

Super Micro Computer (NASDAQ:SMCI) had its price objective trimmed by Wells Fargo & Company from $960.00 to $890.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $937.00 to $800.00 and set a neutral rating for the company in a research note on Wednesday. Bank of America increased their price objective on 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. Northland Securities increased their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a research note on Monday, March 25th. Rosenblatt Securities reissued a buy rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday. Finally, Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a neutral rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Super Micro Computer has an average rating of Moderate Buy and an average target price of $954.38.

Super Micro Computer Trading Up 2.6 %

Shares of NASDAQ SMCI opened at $782.70 on Wednesday. Super Micro Computer has a 12 month low of $131.06 and a 12 month high of $1,229.00. The company has a market cap of $43.78 billion, a price-to-earnings ratio of 43.84, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $947.89 and a 200-day simple moving average of $579.19.

Insider Transactions at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s 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 sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sherman Tuan sold 5,000 shares of the business’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 completion of the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,252 shares of company stock valued at $29,950,223. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Super Micro Computer by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after buying an additional 194,700 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares in the last quarter. Northern Trust Corp boosted its stake in Super Micro Computer by 7.4% in the third quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock worth $178,520,000 after purchasing an additional 44,678 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Super Micro Computer in the third quarter worth $140,751,000. Finally, Bank of New York Mellon Corp boosted its stake in Super Micro Computer by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company’s stock worth $133,557,000 after purchasing an additional 20,296 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.