Super Micro Computer (NASDAQ:SMCI) Trading 1% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price rose 1% during trading on Friday . The company traded as high as $639.73 and last traded at $633.00. Approximately 2,965,227 shares changed hands during trading, a decline of 64% from the average daily volume of 8,253,971 shares. The stock had previously closed at $626.69.

Analyst Upgrades and Downgrades

SMCI has been the subject of several analyst reports. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Susquehanna raised their price objective on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research report on Monday, July 15th. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $911.85.

Super Micro Computer Trading Down 0.0 %

The business’s 50-day moving average price is $770.99 and its 200 day moving average price is $837.56. The company has a market cap of $35.04 billion, a P/E ratio of 35.48, a P/E/G ratio of 0.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.43 EPS. As a group, analysts expect that Super Micro Computer, Inc. will post 29.32 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in shares of Super Micro Computer in the 1st quarter valued at $98,000. Vanguard Group Inc. raised its holdings in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Super Micro Computer during the first quarter worth $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Super Micro Computer by 168.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after purchasing an additional 36,795 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Super Micro Computer by 1,516.8% in the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock valued at $56,420,000 after purchasing an additional 51,906 shares during the last quarter. 84.06% of the stock is owned by 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.