Super Micro Computer (NASDAQ:SMCI) Stock Price Up 6.1%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price rose 6.1% during trading on Friday . The company traded as high as $844.75 and last traded at $835.30. Approximately 3,153,290 shares changed hands during trading, a decline of 68% from the average daily volume of 9,710,076 shares. The stock had previously closed at $787.40.

Analysts Set New Price Targets

Several brokerages recently weighed in on SMCI. Northland Securities increased their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They issued a "neutral" rating and a $941.00 price objective on the stock. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 price target on the stock. Barclays increased their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $970.62.

Super Micro Computer Stock Performance

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 company has a market capitalization of $40.72 billion, a price-to-earnings ratio of 55.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. The firm has a fifty day simple moving average of $952.07 and a 200 day simple moving average of $576.78.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released 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. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm's revenue for the quarter was up 103.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.09 EPS. On average, analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Activity

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business'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 transaction of $162,000.00. Following the completion of the sale, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Don W. Clegg sold 28,727 shares of the firm's stock in a transaction dated 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 transaction, 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 accessible through this link. Also, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now owns 20,087 shares in the company, valued at $10,846,980. The disclosure for this sale can be found here. Insiders have sold a total of 34,027 shares of company stock worth $29,655,672 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMCI. Asset Management One Co. Ltd. increased its stake in shares of Super Micro Computer by 1,104.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,377 shares of the company's stock worth $5,039,000 after acquiring an additional 16,851 shares during the last quarter. Handelsbanken Fonder AB increased its position in Super Micro Computer by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 9,900 shares of the company's stock worth $2,715,000 after purchasing an additional 800 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Super Micro Computer by 122.2% during the third quarter. Commonwealth Equity Services LLC now owns 9,440 shares of the company's stock worth $2,589,000 after purchasing an additional 5,192 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Super Micro Computer during the third quarter worth about $3,154,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Super Micro Computer by 61.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,871 shares of the company's stock valued at $3,529,000 after purchasing an additional 4,915 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.