Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.4%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 1.4% during trading on Wednesday . The stock traded as low as $962.00 and last traded at $963.00. Approximately 3,445,492 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 9,846,510 shares. The stock had previously closed at $976.30.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent analyst reports. Wedbush raised their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Rosenblatt Securities lifted their price target on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Northland Securities boosted their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Bank of America boosted their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Moderate Buy” and an average target price of $949.85.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The company’s fifty day simple moving average is $956.91 and its two-hundred day simple moving average is $544.90. The stock has a market cap of $51.93 billion, a price-to-earnings ratio of 72.48, a P/E/G ratio of 0.85 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business posted $3.09 EPS. The business’s revenue was up 103.0% compared to the same quarter last year. On average, analysts forecast that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,989 shares of company stock worth $30,113,681. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its holdings in shares of Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Super Micro Computer by 0.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock worth $1,160,000 after acquiring an additional 18 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Super Micro Computer by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $229,000 after purchasing an additional 19 shares during the period. Finally, Virtus Fund Advisers LLC raised its position in Super Micro Computer by 11.9% in the 4th quarter. Virtus Fund Advisers LLC now owns 179 shares of the company’s stock worth $51,000 after purchasing an additional 19 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.