Super Micro Computer, Inc. (SMCI) Lifted to Positive at Susquehanna

Susquehanna upgraded shares of Super Micro Computer, Inc. (NASDAQ:SMCI) from a neutral rating to a positive rating in a report issued on Wednesday, The Fly ^[1] reports. Susquehanna currently has $33.00 target price on the stock, up from their previous target price of $28.00.

Super Micro Computer (NASDAQ:SMCI ^[2]) traded up 5.44% on Wednesday, reaching $31.40. 1,419,520 shares of the company traded hands. The stock has a market capitalization of $1.50 billion and a price-to-earnings ratio of 16.19. Super Micro Computer has a 52-week low of $21.25 and a 52-week high of $42.00. The firm has a 50 day moving average price of $24.66 and a 200 day moving average price of $26.15.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Thursday, January 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $639 million for the quarter, compared to analyst estimates of $600.10 million. During the same period in the previous year, the firm earned $0.65 earnings per share. Super Micro Computer's revenue was up 27.0% on a year-over-year basis. Equities research analysts predict that Super Micro Computer will post $2.17 EPS for the current year.

In other Super Micro Computer news, VP Cheng-Hsien Phidias Chou sold 1,000 shares of Super Micro Computer stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $30.60, for a total transaction of $30,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website ^[3]. Also, insider Yih-Shyan Wally Liaw sold 12,481 shares of Super Micro Computer stock in a transaction dated 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].

Several large investors have recently made changes to their positions in SMCI. Lombardia Capital Partners LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at about $8,136,000. GW&K Investment Management purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at about $6,010,000. Emerald Mutual Fund Advisers Trust raised its stake in shares of Super Micro Computer by 25.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 442,098 shares of the company's stock valued at $10,836,000 after buying an additional 90,520 shares in the last quarter. Emerald Advisers Inc. PA raised its stake in shares of Super Micro Computer by 14.8% in the fourth quarter. Emerald Advisers Inc. PA now owns 442,475 shares of the company's stock valued at $10,845,000 after buying an additional 56,987 shares in the last quarter. Finally, Capital Impact Advisors raised its stake in shares of Super Micr o Computer by 214.4% in the fourth quarter. Capital Impact Advisors now owns 24,929 shares of the company's stock valued at $611,000 after buying an additional 17,000 shares in the last quarter.

A number of other equities analysts have also recently weighed in on SMCI. Maxim Group dropped their price target on Super Micro Computer from $48.00 to $47.00 and set a buy rating on the stock in a research note on Friday, October 9th. Zacks Investment Research ^[5] cut Super Micro Computer from a hold rating to a sell rating in a research note on Monday, October 12th. Needham & Company LLC dropped their price target on Super Micro Computer from $43.00 to $41.00 and set a buy rating on the stock in a research note on Friday, October 9th. Stifel Nicolaus dropped their price target on 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. Finally, Roth Capital rei ssued a buy rating on shares of Super Micro Computer in a research note on Friday, October 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $40.83.

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 ^[6]), 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.

Receive News & Ratings for Super Micro Computer Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter ^[7].