Super Micro Computer (NASDAQ:SMCI) Trading 3.5% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 3.5% during trading on Tuesday . The company traded as high as $843.00 and last traded at $840.35. 2,610,931 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 8,590,511 shares. The stock had previously closed at $812.32.

Wall Street Analyst Weigh In

A number of research firms recently commented on SMCI. Loop Capital increased their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Wedbush increased their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Finally, Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company’s 50 day moving average is $834.86 and its 200 day moving average is $752.74. The stock has a market cap of $46.52 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 0.74 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Research analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on 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 directly owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock worth $1,116,736 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. Optimum Investment Advisors bought a new stake in Super Micro Computer during the fourth quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Super Micro Computer during the fourth quarter valued at $30,000. FinTrust Capital Advisors LLC bought a new stake in Super Micro Computer during the fourth quarter valued at $33,000. Bank of New Hampshire bought a new stake in Super Micro Computer during the first quarter valued at $35,000. Finally, VitalStone Financial LLC increased its stake in Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after purchasing an additional 25 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.