Super Micro Computer (NASDAQ:SMCI) Stock Price Down 3.4%

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) dropped 3.4% during mid-day trading on Wednesday . The company traded as low as $827.09 and last traded at $845.16. Approximately 2,507,298 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 8,966,699 shares. The stock had previously closed at $874.72.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Northland Securities raised their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $954.38.

Read Our Latest Stock Report on SMCI

Super Micro Computer Stock Down 1.4 %

The stock has a market capitalization of $46.31 billion, a price-to-earnings ratio of 46.41, a price-to-earnings-growth ratio of 0.76 and a beta of 1.34. The business’s 50-day moving average is $885.12 and its two-hundred day moving average is $661.60. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the company. Soltis Investment Advisors LLC purchased a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $298,000. Cetera Advisors LLC increased its stake in Super Micro Computer by 220.4% during the 1st quarter. Cetera Advisors LLC now owns 12,439 shares of the company’s stock worth $12,564,000 after buying an additional 8,557 shares during the period. Cetera Investment Advisers increased its stake in Super Micro Computer by 66.8% during the 1st quarter. Cetera Investment Advisers now owns 27,575 shares of the company’s stock worth $27,852,000 after buying an additional 11,042 shares during the period. Invst LLC increased its stake in Super Micro Computer by 4.3% during the 1st quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after buying an additional 14 shares during the period. Finally, Atria Investments Inc purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $1,007,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

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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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