Rating Reporting: Super Micro Computer (SMCI) Gains a Vote of Confidence From DA Davidson. What to Expect?

November 30, 2016 - By Winifred Garcia

Rating Reporting:  Super Micro Computer (SMCI) Gains a Vote of Confidence From DA Davidson. What to Expect?

Super Micro Computer (SMCI) Upgrade

DA Davidson upped the shares of Super Micro Computer (SMCI) from a “Neutral” rating to “Buy” rating in a a note revealed to clients on 30 November. The company currently has $32.0 PT on the stock.

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 earnings per share, 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 earnings per share 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 2016 Q2. Its down 0.29, from 1.12 in 2016Q1. The ratio dropped, 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.

Pinnacle Assoc Limited reported 252,185 shares or 0.14% of all its holdings. Blackrock accumulated 9,622 shares or 0% of the stock. Macquarie Group Limited has 1.29 million shares for 0.06% of their US portfolio. Royal Savings Bank Of Canada has 0% invested in the company for 20,988 shares. New Amsterdam Prtnrs Ltd Liability Corp last reported 263,283 shares in the company. Blackrock Institutional Co Na reported 932,704 shares or 0% of all its holdings. The New York-based Springbok Capital Mgmt Limited has invested 0.01% in Super Micro Computer, Inc. (NASDAQ:SMCI). State Of Wisconsin Board accumulated 0.02% or 155,000 shares. Advsrs Asset owns 17,904 shares or 0.01% of their US portfolio. Rhumbline Advisers reported 51,514 shares or 0% of all its holdings. Calvert Inv Mgmt last reported 0.13% of its portfolio in the stock. State Teachers Retirement Sys has 33,577 shares for 0% of their US portfolio. Oppenheimer And Company reported 415,114 shares or 0.31% of all its holdings. Citadel Advisors, a Illinois-based fund reported 82,248 shares. Parkside National Bank Trust has 885 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 7 insider sales for $1.57 million net activity. On Monday, November 14 the insider Tsai Hwei-Ming Fred sold $128,763. $532,270 worth of shares were sold by Hideshima Howard on Tuesday, May 31. $431,122 worth of shares were sold by Liaw Yih-Shyan Wally on Friday, August 26. Another trade for 1,000 shares valued at $21,750 was sold by CHOU CHENG-HSIEN PHIDIAS.

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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