Super Micro Computer (NASDAQ:SMCI) Stock: Insider Scott Angel Purchases 1,715 Shares

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) Director Scott Angel purchased 1,715 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was bought at an average price of $29.12 per share, with a total value of $49,940.80. Following the completion of the purchase, the director owned 8,770 shares of the company’s stock, valued at approximately $255,382.40. This represents a 24.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $0.81 on Tuesday, hitting $27.79. 45,734,542 shares of the stock were exchanged, compared to its average volume of 43,674,008. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.02 and a quick ratio of 2.07. The business’s fifty day moving average is $37.27 and its 200 day moving average is $32.64. Super Micro Computer, Inc. has a 52 week low of $19.48 and a 52 week high of $51.40. The company has a market capitalization of $18.26 billion, a PE ratio of 5.93, a P/E/G ratio of 0.46 and a beta of 2.17.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.28 by $0.53. Super Micro Computer had a net margin of 6.77% and a return on equity of 38.97%. The firm had revenue of $19.95 billion for the quarter, compared to analyst estimates of $16.29 billion. During the same period last year, the firm earned $0.35 EPS. The business’s quarterly revenue was up 297.5% compared to the same quarter last year. Research analysts anticipate that Super Micro Computer, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SLT Holdings LLC increased its stake in shares of Super Micro Computer by 3.0% in the third quarter. SLT Holdings LLC now owns 10,400 shares of the company’s stock worth $427,000 after buying an additional 300 shares during the period. World Equity Group Inc. grew its position in shares of Super Micro Computer by 3.8% in the 1st quarter. World Equity Group Inc. now owns 9,877 shares of the company’s stock worth $225,000 after buying an additional 362 shares during the period. Quest 10 Wealth Builders Inc. lifted its holdings in shares of Super Micro Computer by 235.2% during the third quarter. Quest 10 Wealth Builders Inc. now owns 600 shares of the company’s stock valued at $25,000 after purchasing an additional 421 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Super Micro Computer by 0.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,205 shares of the company’s stock worth $2,669,000 after purchasing an additional 564 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Super Micro Computer by 22.8% during the second quarter. MCF Advisors LLC now owns 3,667 shares of the company’s stock valued at $108,000 after buying an additional 680 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James Financial reissued an “outperform” rating and issued a $65.00 price target on shares of Super Micro Computer in a research note on Wednesday, November 4th. Barclays set a $39.00 price target on Super Micro Computer and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 target price on Super Micro Computer in a report on Thursday, August 13th. Wall Street Zen raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Finally, Susquehanna restated a “negative” rating and issued a $18.00 target price (up from $15.00) on shares of Super Micro Computer in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $41.29.

Check Out Our Latest Research Report on SMCI

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About Super Micro Computer

(Get Free Report)

Super Micro Computer, Inc. designs and sells server and storage systems, networking equipment, and related software and services. Its offerings include systems for data centers, cloud computing, enterprise applications, high-performance computing, artificial intelligence, and edge computing. The company emphasizes application-optimized solutions, including integrated rack-scale systems that combine computing, storage, networking, and management tools. It also provides system configuration, deployment, and support services.

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