Super Micro Computer (NASDAQ:SMCI) Shares Down 0.1% on Analyst Downgrade

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) were down 0.1% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $36.00 to $35.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Super Micro Computer traded as low as $31.95 and last traded at $32.44. Approximately 14,425,976 shares traded hands during trading, a decline of 80% from the average daily volume of 71,526,315 shares. The stock had previously closed at $32.48.

Other analysts also recently issued research reports about the stock. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Barclays reissued an "equal weight" rating and issued a $34.00 price target on shares of Super Micro Computer in a report on Tuesday, May 6th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Rosenblatt Securities reduced their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.53.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock worth $2,205,322,000 after purchasing an additional 2,415,276 shares during the last quarter. Geode Capital Management LLC raised its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC bought a new position in Super Micro Computer during the 4th quarter valued at $292,869,000. Invesco Ltd. grew its holdings in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after acquiring an additional 4,605,260 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Price Performance

The company has a market cap of $20.00 billion, a P/E ratio of 16.83 and a beta of 1.36. The company's 50-day moving average price is $35.37 and its two-hundred day moving average price is $35.09. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

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.