Shares of Super Micro Computer, Inc. (NASDAQ:SMCI[1]) traded up 4.13% during mid-day trading on Friday, hitting $25.99. 647,722 shares of the stock were exchanged. The company has a 50-day moving average of $24.10 and a 200 day moving average of $26.07. Super Micro Computer, Inc. has a one year low of $21.25 and a one year high of $42.00. The stock has a market cap of $1.24 billion and a PE ratio of 13.86.
SMCI has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on shares of Super Micro Computer from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 9th. Susquehanna began coverage on shares of Super Micro Computer in a report on Monday, November 2nd. They issued a "positive" rating for the company. Needham & Company LLC cut their price objective on shares of Super Micro Computer from $41.00 to $36.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Zacks Investment Research[2] upgraded shares of Super Micro Computer from a "strong sell" rating to a "hold" rating in a report on Thursday, October 29th. Finally, Maxim Grou p cut their price objective on shares of Super Micro Computer from $47.00 to $46.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of "Buy" and a consensus price target of $40.17.
In related news, VP Cheng-Hsien Phidias Chou sold 1,000 shares of the business's stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $30.60, for a total transaction of $30,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link[3]. Also, insider Yih-Shyan Wally Liaw sold 12,481 shares of the business's stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $30.33, for a total transaction 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)
- ^ this link (www.sec.gov)
- ^ here (www.sec.gov)
- ^ NASDAQ:SMCI (www.marketbeat.com)
- ^ MarketBeat.com's FREE daily email newsletter (sleekmoney.com)
