Super Micro Computer (NASDAQ:SMCI) Shares Up 0.4%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 0.4% during trading on Thursday . The company traded as high as $972.99 and last traded at $963.94. 1,907,003 shares were traded during mid-day trading, a decline of 81% from the average session volume of 9,794,569 shares. The stock had previously closed at $960.08.

Analysts Set New Price Targets

A number of brokerages recently commented on SMCI. Barclays increased their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. The Goldman Sachs Group began coverage on shares of Super Micro Computer in a report on Monday, March 4th. They issued a “neutral” rating and a $941.00 price target for the company. Wells Fargo & Company began coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They issued an “equal weight” rating and a $960.00 price objective for the company. Loop Capital raised their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. began 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. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $949.85.

Super Micro Computer Stock Down 1.9 %

The company’s 50 day moving average price is $952.30 and its two-hundred day moving average price is $542.21. 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 stock has a market cap of $52.69 billion, a P/E ratio of 75.25, a P/E/G ratio of 0.86 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $3.09 earnings per share. The company’s revenue was up 103.0% on a year-over-year basis. As a group, research analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now directly owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now directly owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares in the company, valued at $1,292,135.40. The disclosure for this sale can be found here. Insiders have sold a total of 34,989 shares of company stock valued at $30,113,681 over the last ninety days. 17.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in Super Micro Computer in the third quarter worth $25,000. Allworth Financial LP purchased a new position in Super Micro Computer in the third quarter worth $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the fourth quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the fourth quarter worth $30,000. Finally, FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the fourth quarter worth $33,000. 84.06% of the stock is 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.