Super Micro Computer (NASDAQ:SMCI) Shares Down 2.5%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were down 2.5% on Monday . The company traded as low as $771.37 and last traded at $776.62. Approximately 1,984,104 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 8,352,141 shares. The stock had previously closed at $796.78.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SMCI shares. Loop Capital increased their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wedbush raised their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. KeyCorp assumed coverage on Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Wells Fargo & Company decreased their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Finally, Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price for the company. in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $999.92.

Super Micro Computer Price Performance

The firm has a market capitalization of $43.98 billion, a P/E ratio of 44.07, a price-to-earnings-growth ratio of 0.50 and a beta of 1.27. The firm has a 50 day moving average price of $850.79 and a 200-day moving average price of $808.53. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock valued at $1,116,736 in the last ninety days. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently bought and sold shares of SMCI. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Super Micro Computer during the 4th quarter valued at $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $33,000. Bank of New Hampshire purchased a new position in shares of Super Micro Computer in the 1st quarter valued at $35,000. VitalStone Financial LLC increased its holdings in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after acquiring an additional 25 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 28 shares during the period. 84.06% of the stock is 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.