Super Micro Computer (NASDAQ:SMCI) Hits New 12-Month High at $757.00

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $757.00 and last traded at $757.00, with a volume of 348348 shares trading hands. The stock had previously closed at $740.29.

Analyst Ratings Changes

SMCI has been the topic of a number of research reports. Susquehanna boosted their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a report on Tuesday, January 30th. Rosenblatt Securities boosted their price objective on shares of Super Micro Computer from $550.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Wedbush raised their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Northland Securities boosted their price target on Super Micro Computer from $450.00 to $625.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, Barclays raised their price objective on Super Micro Computer from $335.00 to $396.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer has an average rating of “Moderate Buy” and a consensus target price of $465.88.

Read Our Latest Report on SMCI

Super Micro Computer Price Performance

The firm has a fifty day moving average of $380.34 and a two-hundred day moving average of $312.05. The stock has a market capitalization of $42.39 billion, a P/E ratio of 57.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business posted $3.09 EPS. The company’s quarterly revenue was up 103.0% compared to the same quarter last year. On average, analysts predict that Super Micro Computer, Inc. will post 19.66 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other news, CFO David E. Weigand sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total value of $5,043,600.00. Following the completion of the transaction, the chief financial officer now directly owns 11,580 shares of the company’s stock, valued at approximately $2,920,244.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Super Micro Computer news, CFO David E. Weigand sold 20,000 shares of Super Micro Computer stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $252.18, for a total value of $5,043,600.00. Following the transaction, the chief financial officer now directly owns 11,580 shares of the company’s stock, valued at $2,920,244.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $252.18, for a total value of $12,609,000.00. Following the transaction, the chief executive officer now directly owns 6,666,417 shares in the company, valued at $1,681,137,039.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,362 shares of company stock valued at $18,558,352. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently modified their holdings of the business. Hennessy Advisors Inc. grew its position in Super Micro Computer by 28.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock worth $76,864,000 after purchasing an additional 61,500 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at $8,938,000. Mutual of America Capital Management LLC raised its stake in Super Micro Computer by 26.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock worth $14,858,000 after acquiring an additional 11,342 shares during the last quarter. Foster Victor Wealth Advisors LLC acquired a new stake in Super Micro Computer during the 3rd quarter worth about $5,778,000. Finally, RPG Investment Advisory LLC purchased a new stake in Super Micro Computer during the 3rd quarter valued at about $6,530,000. Hedge funds and other institutional investors own 72.75% of the company’s stock.

Super Micro Computer Company Profile

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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.

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