Barclays Begins Coverage on Super Micro Computer (NASDAQ:SMCI)

Analysts at Barclays began coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $59.00 price target on the stock. Barclays‘s target price would suggest a potential upside of 43.60% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Northland Securities restated an “outperform” rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three research 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.87.

Super Micro Computer Trading Down 4.3 %

Shares of Super Micro Computer stock opened at $41.09 on Thursday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $122.90. The firm has a market capitalization of $24.06 billion, a price-to-earnings ratio of 20.63 and a beta of 1.30. The firm’s 50 day simple moving average is $36.63 and its two-hundred day simple moving average is $39.68.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of the stock in a transaction on 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 directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC purchased a new position in Super Micro Computer during the fourth quarter valued at $475,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Super Micro Computer during the fourth quarter valued at $8,785,000. Bernard Wealth Management Corp. purchased a new position in Super Micro Computer during the fourth quarter valued at $33,000. Carolinas Wealth Consulting LLC purchased a new position in Super Micro Computer during the fourth quarter valued at $70,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Super Micro Computer during the fourth quarter valued at $733,000. 84.06% of the stock is 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.