Super Micro Computer (NASDAQ:SMCI) Trading 0.5% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares rose 0.5% on Thursday . The stock traded as high as $972.31 and last traded at $877.39. Approximately 5,015,217 shares were traded during trading, a decline of 44% from the average daily volume of 9,011,750 shares. The stock had previously closed at $873.27.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research reports. Argus initiated coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They issued a "buy" rating and a $1,350.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 1st. Barclays lifted their price target on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. Susquehanna lifted their price target 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. Finally, StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Thursday, May 9th. 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $954.38.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The firm has a market cap of $47.39 billion, a price-to-earnings ratio of 47.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.34. The stock's 50 day simple moving average is $895.89 and its 200-day simple moving average is $640.69.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued 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. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction dated 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 sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The sale was disclosed in a document filed 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 firm's 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 sale, the director now owns 3,459 shares of the company's stock, valued at $3,008,015.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction 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 directly 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 owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. Allworth Financial LP purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth about $27,000. Optimum Investment Advisors acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the 4th quarter worth approximately $33,000. Finally, Bank of New Hampshire purchased a new position in shares of Super Micro Computer during the 1st quarter valued at approximately $35,000. 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.