Super Micro Computer (NASDAQ:SMCI) Shares Down 1.9%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 1.9% during trading on Monday . The company traded as low as $773.81 and last traded at $803.74. 3,518,738 shares traded hands during trading, a decline of 59% from the average session volume of 8,612,216 shares. The stock had previously closed at $819.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMCI. Wedbush increased their price objective 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, May 1st. KeyCorp initiated coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating for the company. Wells Fargo & Company cut their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Argus began coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Trading Up 3.1 %

The firm has a market cap of $46.82 billion, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The firm’s fifty day moving average is $836.36 and its 200-day moving average is $756.52.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Super Micro Computer news, 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 value of $419,585.00. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s 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 directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock worth $1,116,736 over the last quarter. Company insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Shilanski & Associates Inc. boosted its holdings in Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the period. Los Angeles Capital Management LLC boosted its holdings in 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 purchasing an additional 27,895 shares during the period. Truist Financial Corp bought a new position in Super Micro Computer in the 4th quarter valued at $739,000. Geneos Wealth Management Inc. boosted its holdings in Super Micro Computer by 154.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock valued at $1,344,000 after purchasing an additional 2,870 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Super Micro Computer by 54.8% in the 4th quarter. Pacer Advisors Inc. now owns 10,038 shares of the company’s stock valued at $2,853,000 after purchasing an additional 3,554 shares during the period. 84.06% of the stock is owned by institutional investors.

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.