Super Micro Computer (NASDAQ:SMCI) Stock Price Up 0.4%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose 0.4% during mid-day trading on Thursday . The stock traded as high as $764.46 and last traded at $757.88. Approximately 1,824,733 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 9,753,915 shares. The stock had previously closed at $754.72.

Analysts Set New Price Targets

A number of equities analysts have commented on SMCI shares. Barclays boosted their price objective on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. KeyCorp initiated coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Wells Fargo & Company initiated coverage on shares of Super Micro Computer in a report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price objective on the stock. Wedbush boosted their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $970.62.

Super Micro Computer Trading Down 15.2 %

The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 55.93, a P/E/G ratio of 0.79 and a beta of 1.28. The business has a 50-day simple moving average of $952.07 and a two-hundred day simple moving average of $576.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.09 earnings per share. As a group, research analysts forecast that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Insiders Place Their Bets

In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,027 shares of company stock valued at $29,655,672 in the last three months. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors have recently bought and sold shares of SMCI. Prosperity Consulting Group LLC bought a new position in shares of Super Micro Computer in the first quarter valued at about $431,000. Retirement Group LLC grew its stake in Super Micro Computer by 75.0% in the 1st quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after buying an additional 24 shares during the last quarter. Flynn Zito Capital Management LLC bought a new position in Super Micro Computer in the 1st quarter valued at about $2,534,000. Sequoia Financial Advisors LLC acquired a new stake in Super Micro Computer during the first quarter worth approximately $283,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Super Micro Computer during the first quarter worth approximately $326,000. Institutional investors and hedge funds 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.