Super Micro Computer (NASDAQ:SMCI) Trading Up 2.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 2.5% during mid-day trading on Wednesday . The stock traded as high as $841.66 and last traded at $839.53. Approximately 1,584,992 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 9,438,600 shares. The stock had previously closed at $819.29.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SMCI. Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Barclays increased their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. The Goldman Sachs Group lowered their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Moderate Buy” and a consensus price target of $954.38.

Super Micro Computer Stock Performance

The firm’s 50 day simple moving average is $944.79 and its 200 day simple moving average is $594.69. The firm has a market capitalization of $46.01 billion, a price-to-earnings ratio of 46.17, a PEG ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Insider Buying and Selling

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders sold a total of 34,252 shares of company stock valued at $29,950,223 over the last 90 days. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently modified their holdings of SMCI. Allworth Financial LP acquired a new position in Super Micro Computer during the third quarter worth $27,000. Optimum Investment Advisors acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC acquired a new stake in Super Micro Computer in the 4th quarter worth about $33,000. Finally, Bank of New Hampshire purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $35,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.