Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price shot up 1% on Wednesday . The company traded as high as $623.28 and last traded at $617.02. 1,976,440 shares were traded during mid-day trading, a decline of 76% from the average session volume of 8,224,475 shares. The stock had previously closed at $610.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Wedbush reiterated a “neutral” rating and set a $800.00 target price on shares of Super Micro Computer in a report on Friday, August 2nd. Wells Fargo & Company reduced their price target on Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on Super Micro Computer from $1,150.00 to $950.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Susquehanna upped their price objective on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus target price of $911.85.

Super Micro Computer Trading Up 1.4 %

The business has a fifty day moving average price of $753.44 and a 200-day moving average price of $840.27. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market cap of $34.30 billion, a P/E ratio of 34.37, a PEG ratio of 0.71 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results 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 firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.43 earnings per share. On average, analysts forecast that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Insider Buying and Selling

In other news, 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 value of $240,600.00. Following the completion of the sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Tally C. Liu sold 500 shares of the business’s 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 completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently made changes to their positions in SMCI. Farmers & Merchants Investments Inc. raised its position in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the 2nd quarter worth $25,000. FinTrust Capital Advisors LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth $33,000. Hazlett Burt & Watson Inc. lifted its position in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. Finally, Bank of New Hampshire acquired a new stake in Super Micro Computer in the first quarter valued at about $35,000. 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.