Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.4%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 1.4% during mid-day trading on Wednesday . The stock traded as low as $962.00 and last traded at $963.00. Approximately 3,445,492 shares changed hands during trading, a decline of 65% from the average daily volume of 9,846,510 shares. The stock had previously closed at $976.30.

Analyst Ratings Changes

SMCI has been the topic of several research analyst reports. Rosenblatt Securities lifted their price target on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Northland Securities raised their price objective 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. The Goldman Sachs Group started coverage on Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 price objective for the company. Susquehanna raised their price objective on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Finally, Wedbush raised their price objective on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $949.85.

Super Micro Computer Trading Down 1.6 %

The stock has a market cap of $53.74 billion, a price-to-earnings ratio of 75.18, a PEG ratio of 0.78 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $946.77 and a 200-day moving average of $539.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. The firm had revenue of $3.66 billion during 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% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 earnings per share. As a group, research analysts forecast that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was 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 in the company, valued at $1,845,342.70. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction dated 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 sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,989 shares of company stock valued at $30,113,681. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after purchasing an additional 194,700 shares in the last quarter. BlackRock Inc. raised its position in 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 purchasing an additional 275,725 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Super Micro Computer by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock worth $62,035,000 after purchasing an additional 171,335 shares during the last quarter. State Street Corp raised its position in Super Micro Computer by 3.6% in the 1st quarter. State Street Corp now owns 1,532,138 shares of the company’s stock worth $163,249,000 after purchasing an additional 53,564 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.