Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.2% - Here's What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares were down 2.2% during mid-day trading on Monday . The stock traded as low as $44.14 and last traded at $45.13. Approximately 21,955,598 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 72,509,644 shares. The stock had previously closed at $46.15.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SMCI shares. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Northland Securities set a $59.00 target price on Super Micro Computer in a research report on Wednesday, May 7th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities lowered their price target 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.63.

Super Micro Computer Stock Performance

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $26.35 billion, a PE ratio of 22.16 and a beta of 1.36. The firm's fifty day moving average is $35.80 and its 200 day moving average is $35.28.

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

Insider Buying and Selling at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last 90 days. 17.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently modified their holdings of the company. Eastern Bank purchased a new position in shares of Super Micro Computer during the first quarter worth about $29,000. Parkside Financial Bank & Trust grew its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in Super Micro Computer in the 1st quarter valued at $34,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.