Super Micro Computer (NASDAQ:SMCI) Trading 3.5% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 3.5% during mid-day trading on Tuesday . The stock traded as high as $843.00 and last traded at $840.35. 2,610,931 shares were traded during trading, a decline of 70% from the average session volume of 8,590,511 shares. The stock had previously closed at $812.32.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. The Goldman Sachs Group lowered their price objective on shares of 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. Bank of America lifted their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. KeyCorp started coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They set a “sector weight” rating for the company. Finally, Wedbush boosted their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Two equities research 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.com, Super Micro Computer presently has an average rating of “Hold” and an average target price of $954.38.

Super Micro Computer Stock Performance

The firm has a market capitalization of $46.52 billion, a PE ratio of 46.46, a P/E/G ratio of 0.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company’s fifty day simple moving average is $834.86 and its 200 day simple moving average is $752.74.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. As a group, equities research analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Tally C. Liu sold 500 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the sale, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. 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 ninety days. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after acquiring an additional 1,265,542 shares during the period. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after acquiring an additional 1,319,768 shares during the period. GQG Partners LLC purchased a new stake in Super Micro Computer in the first quarter worth $1,325,466,000. Ameriprise Financial Inc. lifted its stake in Super Micro Computer by 89.1% in the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company’s stock worth $96,234,000 after acquiring an additional 165,353 shares during the period. Finally, Norges Bank purchased a new stake in Super Micro Computer in the fourth quarter worth $95,211,000. Hedge funds and other institutional investors 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.