Investment analysts at StockNews.com started coverage on shares of Super Micro Computer (NASDAQ:SMCI – Get Free Report) in a research note issued on Thursday. The firm set a “hold” rating on the stock.
Other research analysts have also recently issued reports about the stock. Susquehanna upped their price objective on shares of Super Micro Computer from $90.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Northland Securities raised their price objective on shares of Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $375.00 target price on shares of Super Micro Computer in a research report on Tuesday, August 8th. Loop Capital lifted their price target on Super Micro Computer from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Wedbush upped their price objective on Super Micro Computer from $65.00 to $250.00 and gave the stock an “underperform” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $287.50.
Super Micro Computer Price Performance
Insider Transactions at Super Micro Computer
In related news, SVP Don W. Clegg sold 16,514 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $232.28, for a total transaction of $3,835,871.92. Following the transaction, the senior vice president now directly owns 1,435 shares in the company, valued at approximately $333,321.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Super Micro Computer news, SVP Don W. Clegg sold 16,514 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $232.28, for a total value of $3,835,871.92. Following the sale, the senior vice president now owns 1,435 shares of the company’s stock, valued at approximately $333,321.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles Liang sold 43,932 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $227.89, for a total transaction of $10,011,663.48. Following the transaction, the chief executive officer now directly owns 1,827 shares of the company’s stock, valued at $416,355.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,569 shares of company stock worth $15,557,559. Company insiders own 14.50% of the company’s stock.
Institutional Investors Weigh In On Super Micro Computer
Several institutional investors and hedge funds have recently bought and sold shares of SMCI. Global Retirement Partners LLC raised its holdings in shares of Super Micro Computer by 3,333.3% during the second quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Super Micro Computer in the 2nd quarter worth $38,000. Exchange Traded Concepts LLC purchased a new stake in shares of Super Micro Computer in the 2nd quarter worth about $46,000. Fifth Third Bancorp boosted its stake in shares of Super Micro Computer by 114.4% during the 2nd quarter. Fifth Third Bancorp now owns 223 shares of the company’s stock valued at $56,000 after purchasing an additional 119 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Super Micro Computer during the second quarter valued at about $6,271,000. Hedge funds and other institutional investors own 79.37% of the company’s stock.
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.
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