Super Micro Computer (NASDAQ:SMCI) Stock Price Up 0.2%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price rose 0.2% during trading on Wednesday . The stock traded as high as $911.65 and last traded at $900.42. Approximately 1,552,161 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 9,015,682 shares. The stock had previously closed at $898.95.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $1,300.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 1st. JPMorgan Chase & Co. began 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 target price for the company. Wedbush raised their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a "neutral" rating in a research report on Wednesday, May 1st. Northland Securities boosted 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. Finally, KeyCorp began coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a "sector weight" rating for the company. Two 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. According to MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and a consensus price target of $954.38.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a 50 day simple moving average of $907.84 and a 200-day simple moving average of $637.59. The stock has a market capitalization of $48.84 billion, a P/E ratio of 50.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. On average, equities analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the 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 sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business'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 transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares of the company's stock, valued at $3,008,015.58. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Several hedge funds have recently added to or reduced their stakes in SMCI. Allspring Global Investments Holdings LLC lifted its stake in shares of Super Micro Computer by 83.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,182 shares of the company's stock valued at $1,695,000 after acquiring an additional 2,821 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Super Micro Computer by 67.7% during the third quarter. Fifth Third Bancorp now owns 374 shares of the company's stock valued at $103,000 after acquiring an additional 151 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Super Micro Computer during the third quarter worth about $27,000. Daiwa Securities Group Inc. purchased a new position in Super Micro Computer during the 3rd quarter valued at about $1,121,000. Finally, California Public Employees Retirement System raised its position in Super Micro Computer by 5.0% during the 3rd quarter. California Public Employees Retirement System now owns 95,784 shares of the company's stock valued at $26,266,000 after purchasing an additional 4,594 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

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.