Super Micro Computer (NASDAQ:SMCI) Shares Up 3%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares shot up 3% on Monday . The company traded as high as $814.89 and last traded at $805.99. 2,030,642 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 9,555,468 shares. The stock had previously closed at $782.70.

Analyst Upgrades and Downgrades

Several brokerages have commented on SMCI. Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Wells Fargo & Company reduced their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Bank of America upped their price target on 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. Wedbush boosted their target price on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Argus assumed coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $954.38.

Super Micro Computer Stock Up 0.4 %

The firm has a fifty day simple moving average of $944.79 and a 200 day simple moving average of $594.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The company has a market cap of $46.01 billion, a PE ratio of 46.17, a PEG ratio of 0.71 and a beta of 1.34.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The shares were 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 approximately $3,008,015.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were 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 $3,008,015.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. Allworth Financial LP purchased a new position in Super Micro Computer in the third quarter valued at about $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the 4th quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $33,000. Finally, Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the first quarter worth $35,000. 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.