Super Micro Computer (NASDAQ:SMCI) Shares Up 0.5%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was up 0.5% during trading on Tuesday . The company traded as high as $622.76 and last traded at $611.61. 2,378,075 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 8,151,341 shares. The stock had previously closed at $608.83.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research report on Wednesday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. Wedbush restated a “neutral” rating and set a $800.00 target price on shares of Super Micro Computer in a research report on Friday. Finally, Susquehanna lifted their price target on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $999.92.

Super Micro Computer Price Performance

The firm has a market capitalization of $34.51 billion, a PE ratio of 34.28, a P/E/G ratio of 0.39 and a beta of 1.27. The company has a fifty day moving average price of $811.17 and a two-hundred day moving average price of $837.36. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.63 by ($1.38). The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The business’s revenue was up 142.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.43 EPS. Sell-side analysts forecast 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 Daniel W. Fairfax sold 300 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of Super Micro Computer during the first quarter worth approximately $98,000. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Super Micro Computer during the first quarter worth $1,423,000. Vanguard Group Inc. grew its stake in Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in 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 worth $59,180,000 after purchasing an additional 36,795 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Super Micro Computer by 1,516.8% during the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after purchasing an additional 51,906 shares in the last quarter. 84.06% of the stock is 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.