Super Micro Computer (NASDAQ:SMCI) Stock Price Up 4.8%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 4.8% on Friday . The stock traded as high as $896.49 and last traded at $888.10. 2,837,459 shares were traded during trading, a decline of 69% from the average session volume of 9,016,168 shares. The stock had previously closed at $847.38.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America lifted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a research report on Wednesday, March 13th. Susquehanna lifted their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research report on Tuesday, January 30th. Northland Securities boosted 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. KeyCorp assumed coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a "sector weight" rating for the company. Finally, Wedbush boosted their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a "neutral" rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $954.38.

Super Micro Computer Price 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 stock has a 50 day moving average price of $895.89 and a 200-day moving average price of $640.69. The stock has a market capitalization of $49.44 billion, a price-to-earnings ratio of 50.36, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34.

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

Insiders Place Their Bets

In other Super Micro Computer 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 transaction, 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 Securities & Exchange Commission, which is accessible through this link. In other news, Director Sherman Tuan sold 5,000 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction on Monday, April 29th. The shares were 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 disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of Super Micro Computer in the 3rd quarter valued at $27,000. Optimum Investment Advisors purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $30,000. FinTrust Capital Advisors LLC purchased a new stake in Super Micro Computer during the 4th quarter worth about $33,000. Finally, Bank of New Hampshire purchased a new stake in Super Micro Computer during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

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.