Rating Action: Is DA Davidson Very Positive For Super Micro Computer (NASDAQ:SMCI) After Its Upgrade? The Target Price is $32

November 30, 2016 - By Louis Casey

Rating Action:  Is DA Davidson Very Positive For Super Micro Computer (NASDAQ:SMCI) After Its Upgrade? The Target Price is $32

Super Micro Computer (NASDAQ:SMCI) Upgrade

In a an analyst report issued on 30 November, DA Davidson stated it was upgrading Super Micro Computer (NASDAQ:SMCI) stock from a “Neutral” to a “Buy”. The firm has $32 price target on SMCI’s stock.

Super Micro Computer, Inc. (NASDAQ:SMCI) Ratings Coverage

Out of 8 analysts covering Super Micro Computer (NASDAQ:SMCI), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $52 is the highest target while $19 is the lowest. The $35.38 average target is 35.56% above today’s ($26.1) stock price. Super Micro Computer has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, January 27 by Susquehanna. As per Friday, August 14, the company rating was maintained by Roth Capital. The rating was downgraded by Susquehanna to “Neutral” on Wednesday, November 11. The firm has “Buy” rating given on Friday, October 23 by Needham. Maxim Group maintained the stock with “Buy” rating in Friday, January 29 report. As per Friday, April 15, the company rating was maintained by Sterne Agee CRT. The rating was downgraded by Roth Capital on Friday, August 5 to “Neutral”. The firm has “Buy” rating given on Monday, June 13 by Maxim Group. The stock has “Buy” rating given by Stifel Nicolaus on Friday, October 9. DA Davidson downgraded it to “Neutral” rating and $19 target price in Tuesday, July 19 report.

The stock closed at $26.1 during the last session. It is down 9.09% since April 27, 2016 and is downtrending. It has underperformed by 14.32% the S&P500.

Analysts await Super Micro Computer, Inc. (NASDAQ:SMCI) to report earnings on January, 26. They expect $0.42 EPS, down 37.31% or $0.25 from last year’s $0.67 per share. SMCI’s profit will be $19.95M for 15.54 P/E if the $0.42 EPS becomes a reality. After $0.26 actual EPS reported by Super Micro Computer, Inc. for the previous quarter, Wall Street now forecasts 61.54% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.29, from 1.12 in 2016Q1. The ratio fall, as 37 funds sold all Super Micro Computer, Inc. shares owned while 45 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 34.99 million shares or 5.66% less from 37.09 million shares in 2016Q1.

Sector Pension Invest Board holds 0.01% of its portfolio in Super Micro Computer, Inc. (NASDAQ:SMCI) for 25,861 shares. Parametric Port Ltd Liability Corporation holds 0% of its portfolio in Super Micro Computer, Inc. (NASDAQ:SMCI) for 40,202 shares. Trust Of Vermont, a Vermont-based fund reported 101 shares. Delphi Management Ma reported 76,401 shares or 1.22% of all its holdings. Comerica Bancorp owns 60,043 shares or 0.01% of their US portfolio. Blackrock Fund Advsr last reported 2.44M shares in the company. Highbridge Capital Management Ltd, a New York-based fund reported 48,422 shares. Tieton Cap Management Limited Company last reported 199,586 shares in the company. Kistler last reported 0% of its portfolio in the stock. The Delaware-based Blackrock Advsrs Ltd has invested 0% in Super Micro Computer, Inc. (NASDAQ:SMCI). Advisory Networks Llc holds 66 shares or 0% of its portfolio. Profund Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Schwab Charles Investment last reported 169,958 shares in the company. Partnervest Advisory Service Ltd Liability accumulated 10,144 shares or 0.12% of the stock. Tower Cap Limited Liability Corp (Trc) has 0.01% invested in the company for 3,724 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 7 insider sales for $1.57 million net activity. Hideshima Howard sold 20,312 shares worth $439,852. CHOU CHENG-HSIEN PHIDIAS also sold $12,437 worth of Super Micro Computer, Inc. (NASDAQ:SMCI) on Friday, November 11. Liaw Yih-Shyan Wally sold $431,122 worth of stock or 20,000 shares. Tsai Hwei-Ming Fred had sold 5,000 shares worth $128,763.

Super Micro Computer, Inc. is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology , big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The company has a market cap of $1.24 billion. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. It has a 18.77 P/E ratio. The Firm sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs).

According to Zacks Investment Research, “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.”

SMCI Company Profile

Super Micro Computer, Inc., incorporated on August 28, 2006, is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/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. The Firm sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Firm develops and makes server solutions based upon a modular and open architecture. The Firm offers a range of application optimized server solutions, including rackmount and blade server systems and subsystems and accessories, which clients can use to build complete server systems.

More notable recent Super Micro Computer, Inc. (NASDAQ:SMCI) news were published by: Prnewswire.com which released: “Memory1 Servers Now Available from Super Micro Computer, Inc.” on November 17, 2016, also Fool.com with their article: “Why Super Micro Computer, Inc. Stock Plummeted Today” published on July 19, 2016, Fool.com published: “Why Super Micro Computer, Inc. Stock Plunged Today” on April 15, 2016. More interesting news about Super Micro Computer, Inc. (NASDAQ:SMCI) were released by: Fool.com and their article: “Why Super Micro Computer, Inc. Stock Skyrocketed Today” published on January 12, 2016 as well as Businesswire.com‘s news article titled: “Super Micro Computer, Inc. Announces 4th Quarter 2016 Financial Results” with publication date: August 04, 2016.

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