Super Micro Computer (NASDAQ:SMCI) Trading 3.7% Higher

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) shares traded up 3.7% during mid-day trading on Wednesday . The stock traded as high as $938.88 and last traded at $920.01. 8,762,073 shares were traded during mid-day trading, an increase of 49% from the average session volume of 5,868,303 shares. The stock had previously closed at $887.41.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SMCI. Northland Securities boosted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. 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 target on the stock. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. Finally, KeyCorp initiated coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $954.38.

Check Out Our Latest Report on SMCI

Super Micro Computer Trading Up 3.7 %

The stock has a market cap of $51.46 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.23. The company has a 50 day moving average of $837.98 and a two-hundred day moving average of $715.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

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

Insider Activity

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was 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 approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the sale, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders have sold a total of 1,325 shares of company stock worth $1,116,736 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently modified their holdings of the company. Jackson Wealth Management LLC purchased a new stake in Super Micro Computer in the first quarter valued at $253,000. American Trust purchased a new stake in Super Micro Computer in the 1st quarter valued at about $211,000. Objective Capital Management LLC acquired a new position in Super Micro Computer in the first quarter valued at about $241,000. Soltis Investment Advisors LLC purchased a new position in Super Micro Computer during the first quarter worth about $298,000. Finally, Cetera Advisors LLC increased its position in shares of Super Micro Computer by 220.4% during the first quarter. Cetera Advisors LLC now owns 12,439 shares of the company’s stock valued at $12,564,000 after acquiring an additional 8,557 shares during the last quarter. Hedge funds and other institutional investors own 84.06% 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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