The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) is a huge mover today! About 1.32M shares traded hands or 320.22% up from the average. Super Micro Computer, Inc. (NASDAQ:SMCI) has declined 32.35% since March 28, 2016 and is downtrending. It has underperformed by 37.07% the S&P500.
The move comes after 5 months positive chart setup for the $1.18B company. It was reported on Oct, 28 by Barchart.com. We have $37.60 PT which if reached, will make NASDAQ:SMCI worth $649.00 million more.
Super Micro Computer, Inc. (NASDAQ:SMCI) Ratings Coverage
Out of 8 analysts covering Super Micro Computer (NASDAQ:SMCI), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Super Micro Computer has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Stifel Nicolaus on Tuesday, July 19 to “Hold”. The company was maintained on Friday, October 9 by Needham. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) earned “Neutral” rating by Roth Capital on Friday, August 5. Maxim Group initiated it with “Buy” rating and $46 target price in Friday, July 31 report. Sterne Agee CRT maintained the stock with “Buy” rating in Friday, April 15 report. The rating was maintained by Needham with “Buy” on Friday, October 23. The company was downgraded on Wednesday, November 11 by Susquehanna. The rating was maintained by Maxim Group on Friday, January 29 with “Buy”. The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) has “Buy” rating given on Friday, October 9 by Stifel Nicolaus. On Monday, June 13 the stock rating was maintained by Maxim Group with “Buy”.
According to Zacks Investment Research, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.15, from 1.27 in 2016Q1. The ratio dropped, as 37 funds sold all Super Micro Computer, Inc. shares owned while 45 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 34.99 million shares or 5.66% less from 37.09 million shares in 2016Q1.
Neumeier Poma Inv Counsel Ltd Liability Corp holds 1.06% or 270,250 shares in its portfolio. Cornerstone Cap Management Ltd Liability Com has 58,500 shares for 0.01% of their US portfolio. Morgan Stanley reported 148,712 shares or 0% of all its holdings. Raymond James & reported 104,052 shares or 0.01% of all its holdings. Spark Inv Mngmt Limited Liability Co last reported 0.22% of its portfolio in the stock. Peak6 Investments Lp holds 0% or 11,931 shares in its portfolio. Teachers Retirement Sys Of The State Of Kentucky owns 13,900 shares or 0% of their US portfolio. Credit Suisse Ag has 37,035 shares for 0% of their US portfolio. Putnam Invs Ltd Liability Com last reported 168,100 shares in the company. Ladenburg Thalmann Fincl Service owns 494 shares or 0% of their US portfolio. Teacher Retirement System Of Texas owns 5,331 shares or 0% of their US portfolio. Svcs Automobile Association reported 144,880 shares or 0.01% of all its holdings. State Of Tennessee Treasury Department owns 29,085 shares or 0% of their US portfolio. Ls Inv Advsr Limited Liability Corporation has 0% invested in the company for 1,303 shares. Ironwood Inv Mgmt Ltd Liability Corp has 0.78% invested in the company for 41,650 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 6 selling transactions for $1.73 million net activity. Liaw Yih-Shyan Wally sold $431,122 worth of stock. 1,000 shares with value of $21,750 were sold by CHOU CHENG-HSIEN PHIDIAS on Thursday, August 25. $251,550 worth of Super Micro Computer, Inc. (NASDAQ:SMCI) shares were sold by Tsai Hwei-Ming Fred. On Wednesday, August 31 the insider Hideshima Howard sold $439,852.
More notable recent Super Micro Computer, Inc. (NASDAQ:SMCI) news were published by: Nasdaq.com which released: “Earnings Reaction History: SuperMicro Computer Inc., 71.4% Follow-Through …” on October 27, 2016, also Businesswire.com with their article: “Super Micro Computer, Inc. Announces 1st Quarter 2017 Financial Results” published on October 27, 2016, Fool.com published: “Why Super Micro Computer, Inc. Stock Plummeted Today” on July 19, 2016. More interesting news about Super Micro Computer, Inc. (NASDAQ:SMCI) were released by: Fool.com and their article: “Why Super Micro Computer, Inc. Stock Plunged Today” published on April 15, 2016 as well as Businesswire.com‘s news article titled: “Super Micro Computer, Inc. Announces 4th Quarter 2016 Financial Results” with publication date: August 04, 2016.
SMCI Company Profile
Super Micro Computer, Inc., incorporated on August 28, 2006, is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/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. The Firm 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 of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Firm develops and makes server solutions based upon a modular and open architecture. The Firm offers a range of application optimized server solutions, including rackmount and blade server systems and subsystems and accessories, which clients can use to build complete server systems.
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