Super Micro Computer (NASDAQ:SMCI) Shares Up 6.8%

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 6.8% on Thursday . The company traded as high as $1,014.02 and last traded at $982.81. 5,440,894 shares were traded during mid-day trading, a decline of 37% from the average session volume of 8,617,771 shares. The stock had previously closed at $920.01.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. KeyCorp started coverage on Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating for the company. The Goldman Sachs Group reduced 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 report on Wednesday, May 1st. Bank of America raised 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 report on Wednesday, March 13th. Wedbush upped their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $954.38.

Super Micro Computer Stock Performance

The stock’s 50-day moving average is $837.95 and its 200 day moving average is $722.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The firm has a market cap of $50.63 billion, a P/E ratio of 50.74, a PEG ratio of 0.83 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.96 billion. On average, research analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Buying and Selling

In other news, 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 value of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction 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 sale, 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. In the last ninety days, insiders sold 1,325 shares of company stock valued at $1,116,736. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $35,000. VitalStone Financial LLC grew its stake in shares of Super Micro Computer by 250.0% in the first 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. Larson Financial Group LLC increased its holdings in Super Micro Computer by 186.7% during the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after buying an additional 28 shares during the last quarter. Versant Capital Management Inc raised its position in Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares in the last quarter. Finally, Silicon Valley Capital Partners acquired a new stake in Super Micro Computer in the first quarter valued at $51,000. 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.