Super Micro Computer (NASDAQ:SMCI) Shares Up 0.4%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 0.4% on Thursday . The stock traded as high as $972.99 and last traded at $963.94. 1,907,003 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 9,794,569 shares. The stock had previously closed at $960.08.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SMCI shares. Barclays upped their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Susquehanna increased their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price on the stock. Wedbush increased their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Finally, Argus started coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $949.85.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The stock’s 50-day moving average is $952.30 and its 200 day moving average is $542.21. The stock has a market capitalization of $52.69 billion, a PE ratio of 75.25, a P/E/G ratio of 0.86 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company’s revenue was up 103.0% on a year-over-year basis. During the same period last year, the firm posted $3.09 EPS. As a group, equities analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Activity at Super Micro Computer

In related news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 in the last ninety days. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Fairfield Bush & CO. acquired a new stake in shares of Super Micro Computer in the 1st quarter worth $126,000. MetLife Investment Management LLC lifted its stake in shares of Super Micro Computer by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 25,047 shares of the company’s stock worth $954,000 after acquiring an additional 8,927 shares during the period. BlackRock Inc. lifted its stake in shares of Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after acquiring an additional 275,725 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Super Micro Computer by 21.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock worth $114,000 after acquiring an additional 493 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of Super Micro Computer in the 1st quarter worth $259,000. Institutional investors and hedge funds 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.