Super Micro Computer (NASDAQ:SMCI) Trading Up 0%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were up 0% during mid-day trading on Thursday . The stock traded as high as $724.45 and last traded at $702.00. Approximately 1,433,454 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 8,173,683 shares. The stock had previously closed at $701.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SMCI shares. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Wells Fargo & Company dropped their price target on 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. KeyCorp assumed coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating for the company. The Goldman Sachs Group dropped their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Finally, Wedbush reiterated a “neutral” rating and issued a $800.00 price target on shares of Super Micro Computer in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $999.92.

Super Micro Computer Stock Down 7.1 %

The company has a 50-day simple moving average of $816.67 and a 200-day simple moving average of $828.14. The firm has a market cap of $34.94 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share 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 the consensus estimate of $3.96 billion. Analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Tally C. Liu sold 500 shares of Super Micro Computer 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 completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Tally C. Liu sold 500 shares of Super Micro Computer 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 completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently bought and sold shares of SMCI. International Assets Investment Management LLC raised its stake in Super Micro Computer by 56,764.2% in the fourth 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 in the last quarter. GQG Partners LLC acquired a new position in shares of Super Micro Computer during the first quarter worth $1,325,466,000. Vanguard Group Inc. increased its position in shares of Super Micro Computer by 25.7% during the first 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 in the last quarter. Norges Bank acquired a new position in shares of Super Micro Computer during the fourth quarter worth $95,211,000. Finally, Wolf Hill Capital Management LP acquired a new position in shares of Super Micro Computer during the fourth quarter worth $77,996,000. 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.