Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.4%

Super Micro Computer, Inc. (NASDAQ:SMCI) fell 1.4% on Wednesday . The company traded as low as $962.00 and last traded at $963.00. 3,445,492 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 9,846,510 shares. The stock had previously closed at $976.30.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SMCI. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Susquehanna lifted their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They issued a “neutral” rating and a $941.00 price objective on the stock. Loop Capital lifted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities boosted their target price on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. One research analyst has 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, Super Micro Computer has an average rating of “Moderate Buy” and an average price target of $949.85.

Super Micro Computer Stock Down 1.6 %

The stock’s 50-day simple moving average is $946.77 and its 200-day simple moving average is $539.27. The firm has a market capitalization of $53.74 billion, a P/E ratio of 75.18, a P/E/G ratio of 0.78 and a beta of 1.28. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $3.09 EPS. The company’s revenue was up 103.0% compared to the same quarter last year. As a group, research analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 in the last three months. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Super Micro Computer by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock worth $1,401,136,000 after purchasing an additional 194,700 shares in the last quarter. BlackRock Inc. lifted its stake in Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after purchasing an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Super Micro Computer by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock worth $62,035,000 after purchasing an additional 171,335 shares in the last quarter. State Street Corp lifted its stake in Super Micro Computer by 3.6% in the 1st quarter. State Street Corp now owns 1,532,138 shares of the company’s stock worth $163,249,000 after purchasing an additional 53,564 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other 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.