Super Micro Computer (NASDAQ:SMCI) Trading Down 2.9% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) fell 2.9% on Tuesday . The company traded as low as $43.08 and last traded at $43.50. 15,811,703 shares were traded during trading, a decline of 78% from the average session volume of 72,378,703 shares. The stock had previously closed at $44.79.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SMCI. Citigroup began coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective on the stock. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Wedbush reissued a "neutral" rating and set a $30.00 price objective (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Raymond James initiated coverage on Super Micro Computer in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $41.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $45.63.

Super Micro Computer Stock Down 0.8%

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $24.66 billion, a PE ratio of 20.74 and a beta of 1.36. The company has a 50 day moving average price of $35.78 and a 200-day moving average price of $35.43.

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

Insider Activity at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $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 204,473 shares of company stock worth $9,720,892 over the last ninety days. 17.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Assenagon Asset Management S.A. bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $2,542,000. Oxinas Partners Wealth Management LLC increased its holdings in shares of Super Micro Computer by 1,588.1% during the fourth quarter. Oxinas Partners Wealth Management LLC now owns 26,605 shares of the company's stock valued at $811,000 after acquiring an additional 25,029 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at $2,011,000. Westside Investment Management Inc. increased its holdings in shares of Super Micro Computer by 691.9% during the fourth quarter. Westside Investment Management Inc. now owns 6,050 shares of the company's stock valued at $184,000 after acquiring an additional 5,286 shares in the last quarter. Finally, Lake Hills Wealth Management LLC increased its holdings in shares of Super Micro Computer by 334.2% during the fourth quarter. Lake Hills Wealth Management LLC now owns 14,812 shares of the company's stock valued at $451,000 after acquiring an additional 11,401 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

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.