Super Micro Computer (NASDAQ:SMCI) Trading 1.6% Higher

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 1.6% during trading on Monday . The stock traded as high as $878.00 and last traded at $870.79. 2,465,168 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 9,671,124 shares. The stock had previously closed at $857.44.

Wall Street Analyst Weigh In

Several research firms have commented on SMCI. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Tuesday, April 23rd. Rosenblatt Securities restated a "buy" rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price target on the stock. Susquehanna upped their price objective 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. Finally, Northland Securities lifted their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average price target of $970.62.

Super Micro Computer Stock Performance

The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The stock's 50 day moving average price is $952.07 and its two-hundred day moving average price is $576.78. The firm has a market capitalization of $40.72 billion, a PE ratio of 55.93, a PEG ratio of 0.79 and a beta of 1.28.

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, topping the consensus estimate of $4.94 by $0.65. The company 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 period last year, the company earned $3.09 EPS. On average, equities analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel W. Fairfax sold 300 shares of the firm'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 sale, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Sherman Tuan sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the firm's stock in a transaction on Thursday, February 1st. The shares were 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 approximately $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 quarter. 17.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently bought and sold shares of SMCI. Prosperity Consulting Group LLC bought a new stake in shares of Super Micro Computer during the 1st quarter worth about $431,000. Retirement Group LLC boosted its position in Super Micro Computer by 75.0% during the first quarter. Retirement Group LLC now owns 56 shares of the company's stock worth $57,000 after purchasing an additional 24 shares during the period. Flynn Zito Capital Management LLC acquired a new position in Super Micro Computer in the 1st quarter valued at $2,534,000. Sequoia Financial Advisors LLC bought a new position in shares of Super Micro Computer during the 1st quarter worth about $283,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Super Micro Computer in the first quarter valued at approximately $326,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.