Super Micro Computer (NASDAQ:SMCI) Shares Gap Down to $928.48

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $928.48, but opened at $871.00. Super Micro Computer shares last traded at $867.64, with a volume of 1,669,512 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SMCI. Northland Securities boosted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Monday, March 25th. Loop Capital boosted their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a "buy" rating in a research report on Tuesday. Wedbush boosted their target price on Super Micro Computer from $250.00 to $530.00 and gave the company a "neutral" rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research report on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on Super Micro Computer in a research note on Monday, March 4th. They issued a "neutral" rating and a $941.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $949.85.

Super Micro Computer Trading Down 23.1 %

The firm has a fifty day simple moving average of $956.38 and a two-hundred day simple moving average of $547.85. The firm has a market capitalization of $39.91 billion, a P/E ratio of 55.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $3.09 earnings per share. Super Micro Computer's revenue was up 103.0% compared to the same quarter last year. On average, equities research analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, Director Sherman Tuan sold 5,000 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company's stock, valued at $19,326,319.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The stock was 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 owns 2,110 shares of the company's stock, valued at $1,845,342.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock valued at $30,113,681 over the last three months. Company insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. boosted its stake in Super Micro Computer by 28.1% during the third quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company's stock valued at $76,864,000 after buying an additional 61,500 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in Super Micro Computer during the third quarter valued at $55,943,000. Natixis Advisors L.P. boosted its stake in Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company's stock valued at $4,722,000 after buying an additional 4,118 shares during the period. Shilanski & Associates Inc. boosted its stake in Super Micro Computer by 2.7% during the fourth quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company's stock valued at $1,451,000 after buying an additional 134 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Super Micro Computer by 154.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock valued at $1,344,000 after buying an additional 2,870 shares during the period. 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.