Super Micro Computer (NASDAQ:SMCI) Trading 2.5% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded up 2.5% on Wednesday . The stock traded as high as $841.66 and last traded at $839.53. 1,584,992 shares changed hands during trading, a decline of 83% from the average session volume of 9,438,600 shares. The stock had previously closed at $819.29.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research reports. KeyCorp assumed coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a "sector weight" rating on the stock. Wedbush lifted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Northland Securities increased their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a report on Monday, March 25th. JPMorgan Chase & Co. began coverage on 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. Finally, Susquehanna increased 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 note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $954.38.

Super Micro Computer Trading Up 0.4 %

The stock has a market capitalization of $46.01 billion, a PE ratio of 46.17, a PEG ratio of 0.71 and a beta of 1.34. The stock's 50 day moving average price is $944.79 and its 200-day moving average price is $594.69. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

Insider Buying and Selling

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the sale, the director now directly owns 3,459 shares of the company's stock, valued at $3,008,015.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the 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 directly owns 22,113 shares of the company's stock, valued at $19,326,319.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,252 shares of company stock valued at $29,950,223. Company insiders own 17.60% of the company's stock.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer in the third quarter worth about $55,943,000. Natixis Advisors L.P. increased its stake in Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company's stock worth $4,722,000 after acquiring an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. raised its holdings in shares of Super Micro Computer by 2.7% during the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company's stock worth $1,451,000 after acquiring an additional 134 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Super Micro Computer by 154.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock valued at $1,344,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Super Micro Computer by 26.5% in the third quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company's stock valued at $14,858,000 after purchasing an additional 11,342 shares in the last quarter. 84.06% of the stock is currently owned by 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.