Super Micro Computer (NASDAQ:SMCI) Shares Up 0.9%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares shot up 0.9% during trading on Tuesday . The stock traded as high as $910.84 and last traded at $898.20. 2,088,596 shares changed hands during trading, a decline of 78% from the average session volume of 9,622,826 shares. The stock had previously closed at $890.35.

Analyst Ratings Changes

Several research firms have commented on SMCI. Susquehanna upped their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. began coverage on Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective for the company. Northland Securities upped their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, Wells Fargo & Company began coverage on Super Micro Computer in a research note on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $970.62.

Super Micro Computer Stock Down 15.2 %

The firm has a market capitalization of $40.72 billion, a price-to-earnings ratio of 55.93, a P/E/G ratio of 0.79 and a beta of 1.28. The stock has a 50 day moving average of $952.07 and a 200 day moving average of $576.78. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling

In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 29th. The shares were 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 approximately $19,326,319.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now directly owns 20,087 shares of the company’s stock, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders have sold a total of 34,027 shares of company stock valued at $29,655,672 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the first quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares in the last quarter. Silicon Valley Capital Partners acquired a new position in Super Micro Computer during the first quarter valued at approximately $51,000. Retirement Group LLC raised its position in Super Micro Computer by 75.0% during the first quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after purchasing an additional 24 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in Super Micro Computer during the first quarter valued at approximately $61,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.