Super Micro Computer (NASDAQ:SMCI) Trading Down 0.3% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 0.3% during trading on Friday . The stock traded as low as $31.84 and last traded at $32.01. Approximately 11,479,449 shares traded hands during trading, a decline of 84% from the average daily volume of 71,537,378 shares. The stock had previously closed at $32.11.

Wall Street Analysts Forecast Growth

SMCI has been the subject of several research reports. Mizuho set a $34.00 target price on Super Micro Computer in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday. KGI Securities began coverage on shares of Super Micro Computer in a research note on Wednesday. They issued a “neutral” rating for the company. Barclays restated an “equal weight” rating and set a $34.00 target price on shares of Super Micro Computer in a report on Tuesday. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.53.

Super Micro Computer Trading Down 0.3 %

The firm has a market capitalization of $19.11 billion, a P/E ratio of 16.07 and a beta of 1.36. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $35.37 and a 200-day simple moving average of $35.17.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. On average, equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Activity

In related news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Eastern Bank purchased a new stake in shares of Super Micro Computer in the first quarter worth approximately $29,000. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares in the last quarter. Hedge funds and other institutional investors 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.