Super Micro Computer (NASDAQ:SMCI) Trading Down 2.6%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 2.6% on Friday . The company traded as low as $866.01 and last traded at $866.86. Approximately 2,112,311 shares changed hands during trading, a decline of 75% from the average daily volume of 8,537,216 shares. The stock had previously closed at $890.36.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. Bank of America boosted their target price on 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. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 1st. Wedbush boosted their price target 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. Finally, JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $954.38.

Super Micro Computer Stock Performance

The stock has a 50 day simple moving average of $832.95 and a two-hundred day simple moving average of $745.76. The company has a market capitalization of $45.83 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 0.81 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Super Micro Computer (NASDAQ:SMCI) last posted its 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. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, 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 Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm’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 transaction, the director now owns 18,887 shares of the company’s stock, 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 Daniel W. Fairfax sold 300 shares of the firm’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 transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on 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 approximately $23,339,835.21. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock valued at $1,116,736 over the last ninety days. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the stock. Optimum Investment Advisors acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at about $30,000. FinTrust Capital Advisors LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth about $33,000. Bank of New Hampshire purchased a new position in Super Micro Computer during the first quarter worth about $35,000. Finally, VitalStone Financial LLC lifted its position in 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 purchasing an additional 25 shares during the period. 84.06% of the stock is 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.