Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1.7%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price was up 1.7% during trading on Tuesday . The stock traded as high as $919.57 and last traded at $919.00. Approximately 1,963,921 shares were traded during trading, a decline of 78% from the average daily volume of 9,050,417 shares. The stock had previously closed at $903.94.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMCI. Wedbush boosted their price target on Super Micro Computer from $530.00 to $800.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 1st. Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. The Goldman Sachs Group cut their price objective on Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Northland Securities increased their price objective on 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. Finally, KeyCorp began coverage on shares of Super Micro Computer in a report on Wednesday, April 24th. They issued a "sector weight" rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus price target of $954.38.

Super Micro Computer Price Performance

The stock has a fifty day moving average of $907.84 and a two-hundred day moving average of $637.59. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $50.28 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 0.80 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The business had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.96 billion. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 completion of the transaction, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at approximately $55,943,000. Natixis Advisors L.P. boosted its position in shares of Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company's stock worth $4,722,000 after purchasing an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. grew its holdings in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company's stock valued at $1,451,000 after buying an additional 134 shares during the period. Truist Financial Corp bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $739,000. Finally, Geneos Wealth Management Inc. raised its stake in Super Micro Computer by 154.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock worth $1,344,000 after buying an additional 2,870 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.