Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.3%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $821.01 and last traded at $834.28. Approximately 1,250,740 shares were traded during trading, a decline of 85% from the average daily volume of 8,558,076 shares. The stock had previously closed at $837.17.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. Bank of America increased their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Northland Securities lifted their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Two investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Stock Up 1.2 %

The business’s 50-day simple moving average is $839.40 and its 200-day simple moving average is $757.78. The company has a market capitalization of $47.37 billion, a PE ratio of 47.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.27. 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 announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which is available at this link. In other news, Director Tally C. Liu sold 500 shares of the business’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 completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was 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 approximately $15,147,374. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,325 shares of company stock valued at $1,116,736. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently modified their holdings of the business. Optimum Investment Advisors purchased a new position in shares of Super Micro Computer during the 4th quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Super Micro Computer during the 4th quarter worth $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer during the 4th quarter worth $33,000. Bank of New Hampshire purchased a new position in shares of Super Micro Computer during the 1st quarter worth $35,000. Finally, VitalStone Financial LLC raised its holdings 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 worth $35,000 after acquiring an additional 25 shares during the period. 84.06% of the stock is currently 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.