Media headlines about Super Micro Computer (NASDAQ:SMCI) have been trending very positive this week, Alpha One Sentiment Analysis reports. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Super Micro Computer earned a coverage optimism score of 0.69 on Alpha One’s scale. Alpha One also assigned news articles about the technology company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected AlphaOne Sentiment’s analysis:
- Super Micro Computer, Inc. (SMCI) Shares Bought by Legato Capital Management LLC (lightwaveonline.com)
- Zacks: Analysts Expect Super Micro Computer, Inc. (SMCI) to Announce $0.32 EPS (americanbankingnews.com)
- Barron’s Picks And Pans: Drug Stocks, Hanesbrands, Wabtec And More (finance.yahoo.com)
- Somewhat Favorable Press Coverage Somewhat Likely to Impact Super Micro Computer (SMCI) Share Price (americanbankingnews.com)
- Super Micro May Top HP Enterprise (automotive.einnews.com)
A number of brokerages recently weighed in on SMCI. Maxim Group restated a “buy” rating and set a $40.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 23rd. Roth Capital raised Super Micro Computer from a “neutral” rating to a “buy” rating in a research note on Friday, January 20th. Susquehanna Bancshares Inc boosted their price objective on Super Micro Computer from $27.00 to $33.00 and gave the company a “positive” rating in a research note on Friday, January 27th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of Super Micro Computer in a research note on Friday, February 24th. Finally, Stifel Nicolaus boosted their price objective on Super Micro Computer from $21.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.14.
Shares of Super Micro Computer (NASDAQ:SMCI) traded up 1.43% during mid-day trading on Thursday, reaching $24.80. The company’s stock had a trading volume of 115,718 shares. Super Micro Computer has a 12 month low of $18.60 and a 12 month high of $31.75. The company has a market cap of $1.20 billion, a P/E ratio of 21.72 and a beta of 0.27. The company has a 50-day moving average of $25.11 and a 200-day moving average of $25.72.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Thursday, January 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business earned $651.90 million during the quarter, compared to analysts’ expectations of $608.40 million. Super Micro Computer had a net margin of 2.64% and a return on equity of 8.14%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. Equities research analysts forecast that Super Micro Computer will post $1.63 earnings per share for the current fiscal year.
In related news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $26.39, for a total transaction of $52,780.00. Following the completion of the transaction, the vice president now owns 1,000 shares of the company’s stock, valued at $26,390. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $27.04, for a total transaction of $135,200.00. Following the transaction, the director now directly owns 261,000 shares of the company’s stock, valued at approximately $7,057,440. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,000 shares of company stock valued at $214,390. Corporate insiders own 24.00% of the company’s stock.
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About Super Micro Computer
Super Micro Computer, Inc 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.
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