Super Micro Computer (NASDAQ:SMCI) Shares Up 1.8%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price shot up 1.8% during mid-day trading on Tuesday . The company traded as high as $849.00 and last traded at $842.06. 1,594,345 shares were traded during mid-day trading, a decline of 81% from the average session volume of 8,608,841 shares. The stock had previously closed at $826.98.

Analyst Ratings Changes

A number of brokerages recently issued reports on SMCI. Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Argus initiated coverage on Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target on the stock. Wedbush boosted their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Finally, JPMorgan Chase & Co. started coverage on Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Price Performance

The company has a 50 day moving average of $831.60 and a 200-day moving average of $737.50. The firm has a market capitalization of $46.49 billion, a P/E ratio of 46.59, a P/E/G ratio of 0.76 and a beta of 1.23. 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 released its quarterly 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 during the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction 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 completion of the transaction, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock worth $1,116,736 in the last ninety days. 17.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares in the last quarter. GQG Partners LLC acquired a new position in shares of Super Micro Computer during the 1st quarter worth $1,325,466,000. Ameriprise Financial Inc. raised its holdings in shares of Super Micro Computer by 89.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after buying an additional 165,353 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Super Micro Computer during the 4th quarter worth $95,211,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.