Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) fell 0.3% during mid-day trading on Friday . The stock traded as low as $31.84 and last traded at $32.01. 11,479,449 shares changed hands during trading, a decline of 84% from the average session volume of 71,537,378 shares. The stock had previously closed at $32.11.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on SMCI. Rosenblatt Securities reduced their price objective on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday. Needham & Company LLC restated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research note on Wednesday. KGI Securities started coverage on Super Micro Computer in a research note on Wednesday. They issued a "neutral" rating for the company. Finally, Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.53.
Read Our Latest Report on SMCI
Super Micro Computer Stock Down 0.3%
The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of 16.07 and a beta of 1.36. The business's 50-day moving average is $35.37 and its two-hundred day moving average is $35.09. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.
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 for the quarter, beating the consensus estimate of $0.30 by $0.01. The company 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 revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. Equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Insider Buying and Selling
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction 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. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Company insiders own 17.60% of the company's stock.
Institutional Trading of Super Micro Computer
A number of large investors have recently bought and sold shares of SMCI. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its holdings in Super Micro Computer by 914.7% during the 4th 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 purchased a new position in Super Micro Computer during the 4th quarter valued at about $292,869,000. Invesco Ltd. raised its position in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after buying an additional 4,605,260 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.
Super Micro Computer Company Profile
(
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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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