Super Micro Computer (SMCI) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 42

Super Micro Computer (SMCI) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 42 from a previous price target of $46 . Maxim Group advised their investors in a research report released on Jun 13, 2016.

Many Wall Street Analysts have commented on Super Micro Computer. Shares were Reiterated by Maxim Group on Apr 18, 2016 to “Buy” and Lowered the Price Target to $ 47 from a previous price target of $52 .

On the company’s financial health, Super Micro Computer reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.35. The company had revenue of $532.70 million for the quarter, compared to analysts expectations of $530.85 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Super Micro Computer closed down -0.12 points or -0.46% at $25.77 with 4,31,475 shares getting traded on Friday. Post opening the session at $25.74, the shares hit an intraday low of $25.39 and an intraday high of $25.95 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 2, 2016, Howard Hideshima (Chief Financial Officer) sold 20,312 shares at $26.20 per share price. According to the SEC, on May 25, 2016, Hwei-ming Fred Tsai (director) sold 10,000 shares at $25.16 per share price. On May 11, 2016, Cheng-hsien Phidias Chou (VP Worldwide Sales) sold 2,000 shares at $26.97 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.

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