Super Micro Computer (NASDAQ:SMCI) Shares Gap Up to $873.27

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $873.27, but opened at $934.49. Super Micro Computer shares last traded at $917.21, with a volume of 3,057,370 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SMCI. Wedbush upped their price objective on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. Loop Capital upped their price objective on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Thursday, May 9th. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company dropped their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $954.38.

Super Micro Computer Stock Down 3.0 %

The business's 50 day moving average is $901.54 and its 200-day moving average is $639.24. 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 firm has a market capitalization of $47.39 billion, a price-to-earnings ratio of 49.18, a price-to-earnings-growth ratio of 0.81 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share 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 firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Equities analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares of the company's stock, valued at approximately $3,008,015.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now owns 22,113 shares in the company, valued at approximately $19,326,319.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares of the company's stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMCI. International Assets Investment Management LLC lifted 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 valued at $375,818,000 after buying an additional 1,319,768 shares in the last quarter. GQG Partners LLC bought a new stake in shares of Super Micro Computer in the first quarter worth $1,325,466,000. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 25.7% in 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. William Blair Investment Management LLC bought a new stake in shares of Super Micro Computer in the third quarter worth $140,751,000. Finally, Norges Bank bought a new stake in shares of Super Micro Computer in the fourth quarter worth $95,211,000. 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.