Super Micro Computer (NASDAQ:SMCI) Shares Down 3.7%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares were down 3.7% during trading on Friday . The stock traded as low as $897.00 and last traded at $902.41. Approximately 1,303,811 shares traded hands during trading, a decline of 87% from the average daily volume of 10,030,855 shares. The stock had previously closed at $937.28.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SMCI shares. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They set an "equal weight" rating and a $960.00 price target on the stock. 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 report on Tuesday, February 13th. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an "overweight" rating and a $1,150.00 price objective on the stock. Susquehanna raised their price objective on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a report on Tuesday, January 30th. Finally, Rosenblatt Securities raised their price objective on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of "Moderate Buy" and an average price target of $865.23.

Super Micro Computer Stock Down 4.1 %

The company has a market capitalization of $50.26 billion, a price-to-earnings ratio of 70.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.28. The firm's 50 day moving average price is $936.49 and its two-hundred day moving average price is $526.16. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. Super Micro Computer's revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.09 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of Super Micro Computer stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $476.10, for a total transaction of $458,008.20. Following the completion of the sale, the director now owns 2,714 shares of the company's stock, valued at approximately $1,292,135.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares of the company's stock, valued at approximately $10,846,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 962 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total transaction of $458,008.20. Following the transaction, the director now owns 2,714 shares of the company's stock, valued at $1,292,135.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,989 shares of company stock valued at $30,113,681. Company insiders own 17.60% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Versant Capital Management Inc boosted its stake in shares of Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company's stock valued at $51,000 after purchasing an additional 15 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Super Micro Computer by 0.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company's stock valued at $1,160,000 after purchasing an additional 18 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Super Micro Computer by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company's stock valued at $229,000 after purchasing an additional 19 shares during the last quarter. Virtus Fund Advisers LLC boosted its stake in shares of Super Micro Computer by 11.9% in the 4th quarter. Virtus Fund Advisers LLC now owns 179 shares of the company's stock valued at $51,000 after purchasing an additional 19 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company's stock valued at $36,000 after purchasing an additional 28 shares during the last quarter. 84.06% of the stock is currently 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.