Super Micro Computer (NASDAQ:SMCI) Shares Down 1.9%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 1.9% on Monday . The company traded as low as $773.81 and last traded at $803.74. Approximately 3,518,738 shares changed hands during trading, a decline of 59% from the average daily volume of 8,612,216 shares. The stock had previously closed at $819.35.

Analyst Ratings Changes

SMCI has been the topic of several recent research reports. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. KeyCorp initiated coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating for the company. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. Argus initiated coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. Finally, Bank of America lifted their price objective on 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Price Performance

The company’s fifty day moving average price is $832.95 and its two-hundred day moving average price is $749.09. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a market cap of $45.37 billion, a price-to-earnings ratio of 45.44, a PEG ratio of 0.74 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating 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 net margin of 8.88% and a return on equity of 34.09%. On average, equities research analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $23,339,835.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction dated Thursday, May 30th. The stock was 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 of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,325 shares of company stock worth $1,116,736. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after acquiring an additional 1,319,768 shares during the period. GQG Partners LLC acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $1,325,466,000. Ameriprise Financial Inc. increased its holdings in shares of Super Micro Computer by 89.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after acquiring an additional 165,353 shares during the last quarter. Finally, Norges Bank acquired a new stake in Super Micro Computer during the 4th quarter valued at $95,211,000. Institutional investors and hedge funds 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.