Super Micro Computer (NASDAQ:SMCI) Trading 9.5% Higher

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were up 9.5% during mid-day trading on Tuesday . The company traded as high as $793.37 and last traded at $785.06. Approximately 3,877,672 shares traded hands during trading, a decline of 61% from the average daily volume of 9,829,941 shares. The stock had previously closed at $717.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SMCI shares. Susquehanna lifted their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. Wells Fargo & Company assumed coverage on Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price objective for the company. Northland Securities lifted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Finally, Rosenblatt Securities boosted their price target on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $949.85.

Super Micro Computer Trading Up 7.4 %

The stock has a market capitalization of $43.06 billion, a price-to-earnings ratio of 61.28, a P/E/G ratio of 0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The firm has a fifty day moving average of $955.26 and a 200-day moving average of $554.71.

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

Insider Activity

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock worth $30,113,681 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. International Assets Investment Management LLC raised its holdings in shares of Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Super Micro Computer during the third quarter valued at approximately $140,751,000. Norges Bank acquired a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. FMR LLC increased its stake in shares of Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after acquiring an additional 295,835 shares during the period. Finally, Wolf Hill Capital Management LP acquired a new position in Super Micro Computer in the fourth quarter worth approximately $77,996,000. Institutional investors own 84.06% of the company’s stock.

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.