Super Micro Computer (NASDAQ:SMCI) Shares Down 5.1% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price fell 5.1% during mid-day trading on Tuesday . The company traded as low as $46.91 and last traded at $46.50. 14,024,385 shares were traded during trading, a decline of 80% from the average session volume of 69,311,281 shares. The stock had previously closed at $49.01.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMCI. Raymond James Financial started coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They issued an "outperform" rating on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $39.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Finally, Citigroup assumed coverage on Super Micro Computer in a report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.63.

Super Micro Computer Trading Up 3.3%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66. The business's 50 day moving average price is $40.61 and its 200-day moving average price is $37.70. The company has a market cap of $29.09 billion, a price-to-earnings ratio of 25.64 and a beta of 1.43.

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 (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The company's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, research analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the sale, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the chief executive officer owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 667,000 shares of company stock valued at $29,949,340. Corporate insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently made changes to their positions in the company. Eastern Bank bought a new position in Super Micro Computer during the 1st quarter valued at about $29,000. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer in the 1st quarter worth approximately $34,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 1st quarter worth approximately $34,000. 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.