Super Micro Computer (NASDAQ:SMCI) Shares Down 13.2%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was down 13.2% during trading on Friday . The company traded as low as $790.55 and last traded at $805.80. Approximately 5,648,867 shares were traded during trading, a decline of 42% from the average daily volume of 9,758,177 shares. The stock had previously closed at $928.48.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SMCI shares. Wedbush raised their price target on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Bank of America increased their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. initiated 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 objective on the stock. Susquehanna increased their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Finally, The Goldman Sachs Group initiated 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 target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of “Moderate Buy” and a consensus target price of $949.85.

Super Micro Computer Trading Down 18.5 %

The business’s fifty day moving average is $956.91 and its 200-day moving average is $544.90. The firm has a market cap of $42.30 billion, a P/E ratio of 62.90, a price-to-earnings-growth ratio of 0.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The business 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%. The firm’s quarterly revenue was up 103.0% on a year-over-year basis. During the same quarter last year, the business earned $3.09 EPS. Analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current year.

Insider Activity at Super Micro Computer

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at $25,000. Allworth Financial LP bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at $27,000. Optimum Investment Advisors bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $30,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $33,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.