Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) fell 13.2% during mid-day trading on Friday . The company traded as low as $790.55 and last traded at $805.80. 5,648,867 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 9,758,177 shares. The stock had previously closed at $928.48.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on SMCI. Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. Northland Securities upped their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an "outperform" rating in a report on Monday, March 25th. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price objective on the stock. Bank of America upped their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Finally, Wedbush upped their price objective on Super Micro Computer from $250.00 to $530.00 and gave the company a "neutral" rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $949.85.
Get Our Latest Analysis on Super Micro Computer
Super Micro Computer Stock Down 23.1 %
The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The business has a 50 day simple moving average of $956.38 and a 200 day simple moving average of $547.85. The company has a market capitalization of $39.91 billion, a price-to-earnings ratio of 55.71, a PEG ratio of 0.85 and a beta of 1.28.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping analysts' consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the firm earned $3.09 earnings per share. The firm's revenue was up 103.0% compared to the same quarter last year. As a group, equities analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the sale, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on 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 in the company, valued at $10,846,980. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,989 shares of company stock worth $30,113,681. Corporate insiders own 17.60% of the company's stock.
Hedge Funds Weigh In On Super Micro Computer
Several large investors have recently bought and sold shares of SMCI. Sound Income Strategies LLC purchased a new position in Super Micro Computer in the third quarter valued at $25,000. Allworth Financial LP purchased a new position in Super Micro Computer in the third quarter valued at $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the fourth quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the fourth quarter valued at $30,000. Finally, FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 84.06% of the company's stock.
Super Micro Computer Company Profile
(
Get Free Report)
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.
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