Super Micro Computer (SMCI) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 47

Super Micro Computer (SMCI) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 47 from a previous price target of $52 . Maxim Group advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on Super Micro Computer. Company shares were Reiterated by Maxim Group on Jan 29, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $48 .Super Micro Computer was Upgraded by Susquehanna to ” Positive” on Jan 27, 2016.

On the company’s financial health, Super Micro Computer reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.70. The company had revenue of $638.90 million for the quarter, compared to analysts expectations of $626.77 million. The company’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Super Micro Computer closed down -6.53 points or -19.60% at $26.79 with 30,80,499 shares getting traded on Friday. Post opening the session at $28.5, the shares hit an intraday low of $26.695 and an intraday high of $29.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 2, 2016, Howard Hideshima (Chief Financial Officer) sold 20,312 shares at $32.40 per share price. According to the SEC, on Mar 1, 2016, Yih-shyan Wally Liaw (Secretary & V P of Intl Sales) sold 20,000 shares at $32.18 per share price. On Feb 29, 2016, Hwei-ming Fred Tsai (director) sold 5,000 shares at $32.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 (IT) 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 4550 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.

Super Micro Computer

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