Super Micro Computer (NASDAQ:SMCI) Shares Down 13.2%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price fell 13.2% on Friday . The stock traded as low as $790.55 and last traded at $805.80. 5,648,867 shares traded hands during trading, a decline of 42% from the average session volume of 9,758,177 shares. The stock had previously closed at $928.48.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a report on Monday, March 4th. They issued a “neutral” rating and a $941.00 price objective on the stock. Loop Capital boosted their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays boosted their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective on the stock. Finally, Bank of America boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $949.85.

Super Micro Computer Trading Down 18.5 %

The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average is $956.91 and its two-hundred day moving average is $544.90. The firm has a market cap of $42.30 billion, a P/E ratio of 62.90, a P/E/G ratio of 0.85 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the firm earned $3.09 EPS. Super Micro Computer’s quarterly revenue was up 103.0% on a year-over-year basis. As a group, analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now directly owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,989 shares of company stock worth $30,113,681. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Bank of New Hampshire acquired a new position in Super Micro Computer in the 1st quarter valued at approximately $35,000. Versant Capital Management Inc increased its stake in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the period. Sound Income Strategies LLC acquired a new position in Super Micro Computer in the 3rd quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in Super Micro Computer in the 3rd quarter valued at approximately $27,000. Finally, Optimum Investment Advisors acquired a new position in Super Micro Computer in the 4th quarter valued at approximately $28,000. Hedge funds and other 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.