Super Micro Computer (NASDAQ:SMCI) Sees Large Volume Increase

Super Micro Computer, Inc. (NASDAQ:SMCI) shares saw unusually-strong trading volume on Wednesday . Approximately 4,763,115 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 8,186,818 shares.The stock last traded at $538.53 and had previously closed at $616.94.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SMCI. Wells Fargo & Company reduced their price target on shares of Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating for the company in a research note on Wednesday. Susquehanna raised their target price on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a report on Monday, July 15th. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday. Finally, KeyCorp started coverage on Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $921.46.

Super Micro Computer Stock Performance

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 stock has a market cap of $28.73 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The firm’s 50-day moving average is $806.02 and its two-hundred day moving average is $838.72.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.63 by ($1.38). The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The firm’s revenue for the quarter was up 142.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.43 EPS. As a group, research analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Activity

In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tally C. Liu sold 500 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in shares of Super Micro Computer by 14.4% in the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after purchasing an additional 13 shares in the last quarter. Invst LLC raised its stake in shares of Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after buying an additional 14 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of Super Micro Computer by 10.4% during the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after acquiring an additional 14 shares during the period. Versant Capital Management Inc boosted its position in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after acquiring an additional 15 shares in the last quarter. Finally, TFC Financial Management Inc. increased its stake in Super Micro Computer by 23.1% in the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after acquiring an additional 15 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.