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

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

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. Wedbush restated a “neutral” rating and issued a $800.00 price target on shares of Super Micro Computer in a research note on Friday. Susquehanna increased their price objective on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research note on Monday, July 15th. The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Finally, Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target for the company. in a report on Wednesday, July 10th. Two research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $999.92.

Super Micro Computer Stock Performance

The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The firm has a market cap of $34.51 billion, a P/E ratio of 34.28, a P/E/G ratio of 0.39 and a beta of 1.27. The business has a fifty day simple moving average of $811.17 and a 200-day simple moving average of $837.36.

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). Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the business earned $3.43 earnings per share. The firm’s revenue was up 142.9% compared to the same quarter last year. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the firm’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 owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Tally C. Liu sold 500 shares of the company’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 completion of the sale, the director now owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its stake in shares of Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $33,000. Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $35,000. Finally, VitalStone Financial LLC lifted its position in shares of Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after buying an additional 25 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

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.