Shares of Super Micro Computer, Inc. (NASDAQ:SMCI[1]) traded up 4.13% during mid-day trading on Friday, reaching $25.99. The company's stock had a trading volume of 647,722 shares. The company's 50-day moving average is $24.10 and its 200 day moving average is $26.07. The firm has a market capitalization of $1.24 billion and a P/E ratio of 13.86. Super Micro Computer, Inc. has a 1-year low of $21.25 and a 1-year high of $42.00.
SMCI has been the subject of several research reports. Stifel Nicolaus dropped their price target on Super Micro Computer from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Needham & Company LLC dropped their price target on Super Micro Computer from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Roth Capital reiterated a "buy" rating and set a $40.00 price target (down from $50.00) on shares of Super Micro Computer in a research report on Friday, October 9th. Maxim Group dropped their price target on Super Micro Computer from $48.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Finally, Zacks Investment Research[2] cut Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Monday, October 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of "Buy" and a consensus price target of $40.17.
In other Super Micro Computer news, VP Cheng-Hsien Phidias Chou sold 1,000 shares of Super Micro Computer stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $30.60, for a total value of $30,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website[3]. Also, insider Yih-Shyan Wally Liaw sold 12,481 shares of Super Micro Computer stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $30.33, for a total value of $378,548.73. The disclosure for this sale can be found here[4].
Super Micro Computer, Inc. offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (NASDAQ:SMCI[5]), big data, high performance computing (HPC) and 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. It 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 well as through its direct sales force. As of June 30, 2015, the Company offered over 4,550 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.
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References
- ^ NASDAQ:SMCI (www.marketbeat.com)
- ^ Zacks Investment Research (www.zacks.com)
- ^ the SEC website (www.sec.gov)
- ^ here (www.sec.gov)
- ^ NASDAQ:SMCI (www.marketbeat.com)
- ^ MarketBeat.com's FREE daily email newsletter (corvuswire.com)
