According to Zacks, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California. “
Other equities research analysts also recently issued research reports about the stock. Maxim Group reaffirmed a buy rating and set a $42.00 price target (down previously from $46.00) on shares of Super Micro Computer in a research note on Monday, June 13th. Needham & Company LLC reissued a buy rating and issued a $25.00 target price on shares of Super Micro Computer in a research note on Friday, August 5th. Stifel Nicolaus downgraded shares of Super Micro Computer from a buy rating to a hold rating in a research note on Tuesday, July 19th. TheStreet downgraded shares of Super Micro Computer from a buy rating to a hold rating in a research note on Monday, August 22nd. Finally, Roth Capital downgraded shares of Super Micro Computer from a buy rating to a neutral rating and reduced their target price for the company from $40.00 to $22.50 in a research note on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $30.69.
Super Micro Computer (NASDAQ:SMCI) opened at 23.49 on Wednesday. The stock has a market capitalization of $1.14 billion, a PE ratio of 16.90 and a beta of 0.74. Super Micro Computer has a 12 month low of $18.60 and a 12 month high of $34.69. The company’s 50-day moving average is $21.75 and its 200-day moving average is $25.84.
Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $524.30 million for the quarter, compared to analysts’ expectations of $599.48 million. Super Micro Computer had a net margin of 3.54% and a return on equity of 11.48%. Super Micro Computer’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 EPS. Equities research analysts forecast that Super Micro Computer will post $1.40 EPS for the current year.
In other news, CFO Howard Hideshima sold 20,312 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total value of $439,754.80. Following the transaction, the chief financial officer now directly owns 20,312 shares in the company, valued at $439,754.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Yih-Shyan Wally Liaw sold 20,000 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $21.51, for a total transaction of $430,200.00. Following the transaction, the insider now owns 20,000 shares in the company, valued at $430,200. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. boosted its position in shares of Super Micro Computer by 28.3% in the first quarter. Prudential Financial Inc. now owns 108,403 shares of the company’s stock valued at $3,694,000 after buying an additional 23,900 shares during the last quarter. Apex Capital Management boosted its position in shares of Super Micro Computer by 20.3% in the first quarter. Apex Capital Management now owns 291,219 shares of the company’s stock valued at $9,925,000 after buying an additional 49,075 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Super Micro Computer by 7.7% in the first quarter. BlackRock Group LTD now owns 36,464 shares of the company’s stock valued at $1,242,000 after buying an additional 2,603 shares during the last quarter. Algert Global LLC acquired a new position in shares of Super Micro Computer during the first quarter valued at about $489,000. Finally, HBK Investments L P acquired a new position in shares of Super Micro Computer during the first quarter valued at about $267,000. Institutional investors own 73.25% of the company’s stock.
About Super Micro Computer
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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