Super Micro Computer (NASDAQ:SMCI) Stock Price Up 0.1%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) rose 0.1% during mid-day trading on Monday . The stock traded as high as $867.00 and last traded at $845.29. Approximately 2,083,808 shares changed hands during trading, a decline of 76% from the average daily volume of 8,582,904 shares. The stock had previously closed at $844.54.

Analysts Set New Price Targets

SMCI has been the topic of several research analyst reports. Wedbush upped their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. Bank of America increased their target price 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. Wells Fargo & Company cut their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Finally, KeyCorp initiated coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Stock Up 6.7 %

The firm has a market capitalization of $50.40 billion, a price-to-earnings ratio of 50.52, a P/E/G ratio of 0.76 and a beta of 1.23. The business’s 50-day moving average is $838.49 and its two-hundred day moving average is $706.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

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 analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Activity

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the sale, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. Insiders have sold 1,325 shares of company stock worth $1,116,736 in the last 90 days. Corporate 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 business. International Assets Investment Management LLC boosted its stake in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after buying an additional 1,319,768 shares during the last quarter. GQG Partners LLC bought a new position in Super Micro Computer in the first quarter valued at approximately $1,325,466,000. Vanguard Group Inc. increased its position in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. Norges Bank bought a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $95,211,000. Finally, FMR LLC boosted its holdings in shares of Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after buying an additional 295,835 shares during the last quarter. 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.