Super Micro Computer (NASDAQ:SMCI) Now Covered by Analysts at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $60.00 price objective on the stock.

SMCI has been the topic of several other research reports. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. The Goldman Sachs Group upped their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Northland Securities reaffirmed an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.57.

Super Micro Computer Trading Up 4.0 %

Shares of SMCI stock opened at $42.47 on Monday. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 21.32 and a beta of 1.21. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $119.80. The company’s fifty day simple moving average is $37.65 and its two-hundred day simple moving average is $38.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last three months. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in the business. Centaurus Financial Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $206,000. Castle Rock Wealth Management LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $207,000. Park Square Financial Group LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $475,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $8,785,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $33,000. 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.