Super Micro Computer (NASDAQ:SMCI) Trading 2.2% Higher

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 2.2% on Monday . The company traded as high as $936.36 and last traded at $918.01. 1,517,729 shares traded hands during trading, a decline of 85% from the average session volume of 9,942,183 shares. The stock had previously closed at $898.49.

Analyst Upgrades and Downgrades

Several research firms have commented on SMCI. Rosenblatt Securities increased their price target on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company started coverage on Super Micro Computer in a research note on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Susquehanna lifted their target price on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. Finally, Northland Securities boosted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Moderate Buy” and a consensus price target of $949.85.

Super Micro Computer Price Performance

The stock has a 50-day simple moving average of $946.77 and a 200 day simple moving average of $539.27. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market cap of $54.60 billion, a PE ratio of 76.21, a P/E/G ratio of 0.78 and a beta of 1.28.

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

Insider Activity at Super Micro Computer

In other news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares of the company’s stock, valued at $10,846,980. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,989 shares of company stock worth $30,113,681. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the first quarter valued at $35,000. Versant Capital Management Inc boosted its stake in shares of Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Super Micro Computer during the third quarter worth about $25,000. Allworth Financial LP purchased a new stake in shares of Super Micro Computer during the third quarter worth approximately $27,000. Finally, Optimum Investment Advisors acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors 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.