Super Micro Computer (NASDAQ:SMCI) Trading 2.2% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI) shares traded up 2.2% during mid-day trading on Monday . The stock traded as high as $936.36 and last traded at $918.01. 1,517,729 shares traded hands during trading, a decline of 85% from the average session volume of 9,942,183 shares. The stock had previously closed at $898.49.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group began coverage on Super Micro Computer in a research note on Monday, March 4th. They set a “neutral” rating and a $941.00 target price on the stock. JPMorgan Chase & Co. began coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target on the stock. Loop Capital upped their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday. Wedbush upped their price target 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. Finally, Northland Securities upped 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $949.85.

Super Micro Computer Stock Performance

The stock has a market capitalization of $54.60 billion, a PE ratio of 76.21, a PEG ratio of 0.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The business has a 50 day moving average price of $946.77 and a 200 day moving average price of $539.27.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 earnings per share. As a group, equities research analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Activity

In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the completion of the transaction, the director now directly owns 2,714 shares in the company, valued at approximately $1,292,135.40. The disclosure for this sale can be found here. Insiders have sold a total of 34,989 shares of company stock valued at $30,113,681 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hennessy Advisors Inc. raised its stake in shares of Super Micro Computer by 28.1% in the third quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock worth $76,864,000 after buying an additional 61,500 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Super Micro Computer in the third quarter worth about $55,943,000. Natixis Advisors L.P. raised its stake in shares of Super Micro Computer by 31.4% in the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after buying an additional 4,118 shares during the period. Shilanski & Associates Inc. raised its stake in shares of Super Micro Computer by 2.7% in the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after buying an additional 134 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Super Micro Computer by 154.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after buying an additional 2,870 shares during the period. 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.