Super Micro Computer (NASDAQ:SMCI) Shares Down 18.3%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded down 18.3% during mid-day trading on Wednesday . The stock traded as low as $701.05 and last traded at $701.57. 6,457,903 shares were traded during trading, a decline of 33% from the average session volume of 9,637,808 shares. The stock had previously closed at $858.80.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMCI. Northland Securities boosted their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Monday, March 25th. Loop Capital boosted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Susquehanna increased their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research note on Tuesday, January 30th. StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating for the company in a report on Wednesday. Two 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, the stock presently has an average rating of "Hold" and a consensus target price of $954.38.

Super Micro Computer Trading Down 14.0 %

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 firm has a market cap of $41.30 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. The company's 50 day moving average price is $952.07 and its 200 day moving average price is $576.78.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the company posted $3.09 EPS. The firm's revenue was up 103.0% compared to the same quarter last year. As a group, analysts forecast that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Insider Activity

In related news, Director Daniel W. Fairfax sold 300 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now directly 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 available at the SEC website. In related news, SVP Don W. Clegg sold 28,727 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now 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 is accessible through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the firm's 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 34,027 shares of company stock worth $29,655,672. Corporate insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. lifted its position in shares of Super Micro Computer by 1,104.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 18,377 shares of the company's stock worth $5,039,000 after buying an additional 16,851 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Super Micro Computer by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,900 shares of the company's stock valued at $2,715,000 after purchasing an additional 800 shares during the period. Commonwealth Equity Services LLC grew its stake in Super Micro Computer by 122.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,440 shares of the company's stock worth $2,589,000 after buying an additional 5,192 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Super Micro Computer during the third quarter worth approximately $3,154,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Super Micro Computer by 61.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,871 shares of the company's stock valued at $3,529,000 after buying an additional 4,915 shares during the last quarter. 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.