Super Micro Computer (NASDAQ:SMCI) Shares Down 1.2% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares were down 1.2% during trading on Friday . The stock traded as low as $49.08 and last traded at $49.76. Approximately 9,101,493 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 68,485,363 shares. The stock had previously closed at $50.36.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup began coverage on Super Micro Computer in a research note on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a report on Wednesday, May 7th. Rosenblatt Securities decreased their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and a consensus target price of $40.60.

Super Micro Computer Stock Performance

The firm's fifty day simple moving average is $42.60 and its 200 day simple moving average is $38.46. The company has a market capitalization of $29.80 billion, a PE ratio of 26.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the company earned $0.66 earnings per share. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. On average, research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer directly owned 88,599 shares of the company's stock, valued at $3,900,127.98. This represents a 43.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 667,000 shares of company stock valued at $29,949,340 in the last three months. 17.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in SMCI. Garde Capital Inc. lifted its holdings in Super Micro Computer by 42.1% in the 2nd quarter. Garde Capital Inc. now owns 1,013 shares of the company's stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Super Micro Computer by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,367 shares of the company's stock worth $854,000 after purchasing an additional 302 shares during the last quarter. Fairscale Capital LLC boosted its holdings in shares of Super Micro Computer by 13.3% during the 1st quarter. Fairscale Capital LLC now owns 2,698 shares of the company's stock worth $92,000 after purchasing an additional 317 shares during the last quarter. Sovran Advisors LLC grew its position in shares of Super Micro Computer by 3.7% in the second quarter. Sovran Advisors LLC now owns 9,703 shares of the company's stock valued at $477,000 after purchasing an additional 345 shares in the last quarter. Finally, Wahed Invest LLC increased its holdings in shares of Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

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.

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