Rating Worth Mentioning Today: What To Expect After Super Micro Computer (NASDAQ:SMCI)’s Upgrade Rating From DA Davidson? The Target Price per Share is $32.00

November 30, 2016 - By Darrin Black

Rating Worth Mentioning Today:  What To Expect After Super Micro Computer (NASDAQ:SMCI)'s Upgrade Rating From DA Davidson? The Target Price per Share is $32.00

Super Micro Computer (NASDAQ:SMCI) Upgrade

In a analysts note shared with investors on Wednesday, 30 November, DA Davidson has upped Super Micro Computer (NASDAQ:SMCI) stock to a “Buy” and has set an estimated 12-month TP at $32.00. SMCI’s old rating was “Neutral”.

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 29.83% above today’s ($27.25) stock price. Super Micro Computer has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Friday, October 9, the company rating was maintained by Needham. On Friday, July 31 the stock rating was initiated by Maxim Group with “Buy”. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) has “Buy” rating given on Friday, October 9 by Stifel Nicolaus. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) has “Hold” rating given on Tuesday, July 19 by Stifel Nicolaus. Susquehanna upgraded Super Micro Computer, Inc. (NASDAQ:SMCI) rating on Wednesday, January 27. Susquehanna has “Positive” rating and $33 price target. Susquehanna downgraded the shares of SMCI in a report on Wednesday, November 11 to “Neutral” rating. The firm has “Neutral” rating by Roth Capital given on Friday, August 5. On Friday, April 15 the stock rating was maintained by Sterne Agee CRT with “Buy”. As per Friday, August 14, the company rating was maintained by Roth Capital. The stock has “Buy” rating given by Maxim Group on Friday, January 29.

About 246,894 shares traded hands. Super Micro Computer, Inc. (NASDAQ:SMCI) has declined 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 $20.04M for 16.22 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 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.

Philadelphia Trust Comm has 80,350 shares for 0.17% of their US portfolio. Moreover, Redwood Investments Ltd Liability Co has 0.32% invested in Super Micro Computer, Inc. (NASDAQ:SMCI) for 142,098 shares. Wells Fargo And Com Mn accumulated 543,896 shares or 0.01% of the stock. Cornerstone Advsr last reported 0% of its portfolio in the stock. Us Savings Bank De last reported 0% of its portfolio in the stock. Ladenburg Thalmann Financial Serv last reported 0% of its portfolio in the stock. Brandywine Invest Mgmt Llc holds 133,609 shares or 0.02% of its portfolio. Irving Magee Invest Management has invested 2.03% of its portfolio in Super Micro Computer, Inc. (NASDAQ:SMCI). Geneva Advsr Ltd Liability Corporation has 27,184 shares for 0.01% of their US portfolio. Blackrock holds 9,622 shares or 0% of its portfolio. Highbridge Limited Liability accumulated 48,422 shares or 0.02% of the stock. Lombardia Prtnrs Ltd Liability holds 613,935 shares or 1% of its portfolio. Rhumbline Advisers last reported 51,514 shares in the company. New Amsterdam Partners Limited Liability Ny has invested 1.59% of its portfolio in Super Micro Computer, Inc. (NASDAQ:SMCI). Credit Suisse Ag last reported 37,035 shares in the company.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 7 insider sales for $1.57 million net activity. Tsai Hwei-Ming Fred had sold 5,000 shares worth $128,763 on Monday, November 14. Another trade for 500 shares valued at $13,156 was made by CHOU CHENG-HSIEN PHIDIAS on Monday, November 21. $532,270 worth of Super Micro Computer, Inc. (NASDAQ:SMCI) shares were sold by Hideshima Howard. $431,122 worth of Super Micro Computer, Inc. (NASDAQ:SMCI) was sold by Liaw Yih-Shyan Wally on Friday, August 26.

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 $1.30 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 19.6 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>