Super Micro Computer (NASDAQ:SMCI) Trading Down 0.6%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 0.6% during trading on Tuesday . The stock traded as low as $762.19 and last traded at $781.49. 1,374,652 shares traded hands during trading, a decline of 83% from the average session volume of 8,323,335 shares. The stock had previously closed at $786.28.

Analysts Set New Price Targets

Several research firms have commented on SMCI. Susquehanna raised their price objective on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a report on Monday, July 15th. Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a report on Wednesday, July 10th. Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $999.92.

Super Micro Computer Price Performance

The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The stock has a market cap of $38.91 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 0.49 and a beta of 1.27. The stock has a 50-day moving average price of $845.26 and a two-hundred day moving average price of $814.76.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Transactions 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 transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, 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 1,325 shares of company stock valued at $1,116,736 in the last quarter. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Super Micro Computer in the 1st quarter valued at about $1,423,000. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Super Micro Computer by 168.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after buying an additional 36,795 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Super Micro Computer by 1,516.8% in the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock valued at $56,420,000 after buying an additional 51,906 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Super Micro Computer by 482.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock valued at $34,013,000 after buying an additional 27,895 shares during the period. Institutional investors and hedge funds 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.