JPMorgan Chase & Co. Trims Super Micro Computer (NASDAQ:SMCI) Target Price to $950.00

Super Micro Computer (NASDAQ:SMCI) had its price target trimmed by JPMorgan Chase & Co. from $1,150.00 to $950.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also recently commented on SMCI. KeyCorp began coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a sector weight rating on the stock. Nomura Securities lowered shares of Super Micro Computer from a strong-buy rating to a hold rating in a research report on Wednesday, July 10th. Rosenblatt Securities reiterated a buy rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday. Nomura downgraded Super Micro Computer from a buy rating to a neutral rating and set a $930.00 price objective on the stock. in a report on Wednesday, July 10th. Finally, StockNews.com downgraded Super Micro Computer from a hold rating to a sell rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of Hold and an average price target of $911.85.

Super Micro Computer Stock Down 0.1 %

Shares of NASDAQ SMCI opened at $509.25 on Tuesday. Super Micro Computer has a 1 year low of $226.59 and a 1 year high of $1,229.00. The firm has a 50-day simple moving average of $792.72 and a two-hundred day simple moving average of $834.04. The company has a market cap of $28.48 billion, a P/E ratio of 28.58, a PEG ratio of 0.39 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.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. Super Micro Computer’s revenue was up 142.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.43 earnings per share. Research analysts anticipate that Super Micro Computer will post 21.11 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently made changes to their positions in SMCI. Sound Income Strategies LLC increased its stake in shares of Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. Invst LLC increased its position in Super Micro Computer by 4.3% during the first quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after purchasing an additional 14 shares during the last quarter. Byrne Asset Management LLC raised its stake in Super Micro Computer by 10.4% during the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after purchasing an additional 14 shares during the period. Versant Capital Management Inc boosted its holdings in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares during the last quarter. Finally, TFC Financial Management Inc. increased its holdings in shares of Super Micro Computer by 23.1% during the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after buying an additional 15 shares during the last quarter. 84.06% of the stock is currently 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.