Super Micro Computer (NASDAQ:SMCI) Stock Price Up 9.5%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price rose 9.5% on Tuesday . The stock traded as high as $793.37 and last traded at $785.06. Approximately 3,877,672 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 9,829,941 shares. The stock had previously closed at $717.02.

Analysts Set New Price Targets

SMCI has been the topic of several research analyst reports. Northland Securities raised 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. Wells Fargo & Company initiated coverage on Super Micro Computer in a research note on Friday, February 16th. They issued an "equal weight" rating and a $960.00 price objective on the stock. Bank of America raised their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Argus initiated coverage on Super Micro Computer in a research note on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 price objective on the stock. Finally, Susquehanna raised their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $949.85.

Super Micro Computer Stock Up 6.3 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The stock has a 50-day moving average price of $954.67 and a 200-day moving average price of $558.04. The company has a market capitalization of $42.61 billion, a P/E ratio of 59.47, a P/E/G ratio of 0.63 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the firm posted $3.09 earnings per share. The company's revenue for the quarter was up 103.0% compared to the same quarter last year. On average, research analysts predict that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares of the company's stock, valued at $10,846,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred 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 transaction, the senior vice president now owns 2,110 shares of the company's stock, valued at $1,845,342.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,989 shares of company stock valued at $30,113,681. Company insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in Super Micro Computer during the third quarter worth $599,000. CWM LLC lifted its holdings in Super Micro Computer by 9.4% during the third quarter. CWM LLC now owns 510 shares of the company's stock worth $140,000 after acquiring an additional 44 shares during the period. AE Wealth Management LLC lifted its holdings in Super Micro Computer by 77.7% during the third quarter. AE Wealth Management LLC now owns 11,463 shares of the company's stock worth $3,143,000 after acquiring an additional 5,014 shares during the period. DnB Asset Management AS bought a new stake in Super Micro Computer during the third quarter worth $2,744,000. Finally, Ritholtz Wealth Management lifted its holdings in Super Micro Computer by 146.3% during the third quarter. Ritholtz Wealth Management now owns 2,145 shares of the company's stock worth $588,000 after acquiring an additional 1,274 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

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.