Super Micro Computer (NASDAQ:SMCI) Trading Up 1.2%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose 1.2% on Thursday . The company traded as high as $857.19 and last traded at $847.00. Approximately 3,197,899 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 6,843,932 shares. The stock had previously closed at $837.17.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SMCI shares. KeyCorp began coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Argus assumed coverage on Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target on the stock. Northland Securities boosted their price objective on shares of 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. Wells Fargo & Company dropped their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $954.38.

Super Micro Computer Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a market capitalization of $47.37 billion, a price-to-earnings ratio of 47.48, a P/E/G ratio of 0.53 and a beta of 1.27. The business’s 50-day moving average price is $838.21 and its two-hundred day moving average price is $757.15.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Research analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

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 value of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Several large investors have recently modified their holdings of SMCI. Everence Capital Management Inc. acquired a new stake in Super Micro Computer in the second quarter valued at $421,000. Jackson Wealth Management LLC bought a new position in shares of Super Micro Computer during the first quarter worth about $253,000. American Trust acquired a new position in shares of Super Micro Computer in the first quarter worth approximately $211,000. Objective Capital Management LLC bought a new stake in Super Micro Computer in the first quarter valued at approximately $241,000. Finally, Soltis Investment Advisors LLC acquired a new stake in Super Micro Computer during the 1st quarter valued at approximately $298,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.