Super Micro Computer (NASDAQ:SMCI) Stock Price Up 3.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 3.5% during mid-day trading on Tuesday . The stock traded as high as $843.00 and last traded at $840.35. Approximately 2,610,931 shares traded hands during trading, a decline of 70% from the average daily volume of 8,590,511 shares. The stock had previously closed at $812.32.

Wall Street Analyst Weigh In

SMCI has been the topic of several research reports. Argus started coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price on the stock. Northland Securities lifted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Price Performance

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 business’s fifty day simple moving average is $838.21 and its 200 day simple moving average is $757.15. The stock has a market cap of $47.37 billion, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for 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%. Research analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Super Micro Computer

Several large investors have recently added to or reduced their stakes in SMCI. Envestnet Asset Management Inc. raised its holdings in shares of Super Micro Computer by 41.2% during the third quarter. Envestnet Asset Management Inc. now owns 22,229 shares of the company’s stock worth $6,096,000 after purchasing an additional 6,484 shares during the period. Toronto Dominion Bank acquired a new stake in Super Micro Computer during the third quarter worth about $2,472,000. Teza Capital Management LLC bought a new position in Super Micro Computer in the third quarter worth about $208,000. Glenmede Trust Co. NA acquired a new position in Super Micro Computer in the third quarter valued at approximately $393,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Super Micro Computer by 89.1% during the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock valued at $96,234,000 after purchasing an additional 165,353 shares during the last quarter. 84.06% of the stock is currently 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.