Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price rose 0.4% during mid-day trading on Thursday . The stock traded as high as $972.99 and last traded at $963.94. Approximately 1,907,003 shares traded hands during trading, a decline of 81% from the average daily volume of 9,794,569 shares. The stock had previously closed at $960.08.
Analysts Set New Price Targets
SMCI has been the subject of several research analyst reports. Argus assumed coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a "buy" rating and a $1,350.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Super Micro Computer in a research note on Monday, March 25th. They set an "overweight" rating and a $1,150.00 price target for the company. Northland Securities lifted their price target on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Monday, March 25th. Susquehanna lifted their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a research note on Tuesday, January 30th. Finally, Wells Fargo & Company assumed coverage on Super Micro Computer in a research note on Friday, February 16th. They set an "equal weight" rating and a $960.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of "Moderate Buy" and an average target price of $949.85.
Get Our Latest Analysis on SMCI
Super Micro Computer Stock Performance
The stock has a market cap of $51.93 billion, a PE ratio of 72.48, a P/E/G ratio of 0.86 and a beta of 1.28. The company has a fifty day moving average price of $956.91 and a 200 day moving average price of $544.90. 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 quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the previous year, the business earned $3.09 EPS. Super Micro Computer's revenue was up 103.0% compared to the same quarter last year. Analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the sale, the director now directly owns 2,714 shares of the company's stock, valued at approximately $1,292,135.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Sherman Tuan sold 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the completion of the transaction, the director now directly owns 2,714 shares in the company, valued at $1,292,135.40. The disclosure for this sale can be found here. Insiders have sold a total of 34,989 shares of company stock worth $30,113,681 in the last 90 days. Company insiders own 17.60% of the company's stock.
Institutional Investors Weigh In On Super Micro Computer
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Super Micro Computer by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company's stock valued at $1,401,136,000 after buying an additional 194,700 shares during the last quarter. BlackRock Inc. increased its stake in shares of Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock worth $131,163,000 after purchasing an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company's stock worth $62,035,000 after purchasing an additional 171,335 shares in the last quarter. State Street Corp increased its stake in shares of Super Micro Computer by 3.6% in the 1st quarter. State Street Corp now owns 1,532,138 shares of the company's stock worth $163,249,000 after purchasing an additional 53,564 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after purchasing an additional 1,319,768 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
