Super Micro Computer (SMCI) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $30 . Maxim Group advised their investors in a research report released on Sep 23, 2016.
Many Wall Street Analysts have commented on Super Micro Computer. Super Micro Computer was Downgraded by ROTH Capital to ” Neutral” on Aug 5, 2016. Super Micro Computer was Initiated by Pacific Crest to “Sector Weight” on Jul 28, 2016. Super Micro Computer was Downgraded by Stifel to ” Hold” on Jul 19, 2016.
On the company’s financial health, Super Micro Computer reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $524.30 million for the quarter, compared to analysts expectations of $523.34 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
Super Micro Computer opened for trading at $22.74 and hit $23.23 on the upside on Thursday, eventually ending the session at $22.78, with a gain of 0.18% or 0.04 points. The heightened volatility saw the trading volume jump to 3,98,928 shares. Company has a market cap of $1,108 M.
In a different news, on Sep 2, 2016, Howard Hideshima (Chief Financial Officer) sold 20,312 shares at $21.66 per share price. According to the SEC, on Sep 1, 2016, Yih-shyan Wally Liaw (Secretary & V P of Intl Sales) sold 20,000 shares at $21.56 per share price. On Aug 29, 2016, Cheng-hsien Phidias Chou (VP Worldwide Sales) sold 1,000 shares at $21.75 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.