Super Micro Computer (NASDAQ:SMCI) Trading Up 2.2%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shot up 2.2% during mid-day trading on Monday . The stock traded as high as $936.36 and last traded at $918.01. 1,517,729 shares changed hands during trading, a decline of 85% from the average session volume of 9,942,183 shares. The stock had previously closed at $898.49.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SMCI. Susquehanna increased their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a research report on Tuesday, January 30th. Rosenblatt Securities raised their target price on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th. 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. Argus assumed coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They issued an "equal weight" rating and a $960.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $865.23.

Super Micro Computer Price Performance

The company's 50 day moving average price is $936.49 and its 200-day moving average price is $530.01. The stock has a market cap of $49.37 billion, a P/E ratio of 71.66, a P/E/G ratio of 0.80 and a beta of 1.28. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts' consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $3.09 earnings per share. Super Micro Computer's quarterly revenue was up 103.0% on a year-over-year basis. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the transaction, the director now owns 2,714 shares of the company's stock, valued at $1,292,135.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares of the company's stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction on Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the sale, the director now directly owns 2,714 shares of the company's stock, valued at $1,292,135.40. 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 quarter. Insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DGS Capital Management LLC bought a new stake in Super Micro Computer in the first quarter valued at $326,000. Portman Square Capital LLP purchased a new position in Super Micro Computer during the first quarter worth about $804,000. Sovereign Financial Group Inc. boosted its holdings in Super Micro Computer by 29.5% during the first quarter. Sovereign Financial Group Inc. now owns 2,008 shares of the company's stock worth $2,028,000 after purchasing an additional 458 shares during the last quarter. Brookstone Capital Management purchased a new position in Super Micro Computer during the first quarter worth about $313,000. Finally, Sunbelt Securities Inc. purchased a new position in Super Micro Computer during the first quarter worth about $1,941,000. 84.06% of the stock is owned by institutional investors.

About Super Micro Computer

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.