Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1.9% - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) rose 1.9% on Friday . The company traded as high as $33.67 and last traded at $33.35. Approximately 16,990,075 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 71,655,650 shares. The stock had previously closed at $32.73.

Analyst Ratings Changes

A number of brokerages have commented on SMCI. Citigroup initiated coverage on shares of Super Micro Computer in a research note on Friday, April 25th. They set a "neutral" rating and a $39.00 price target for the company. Mizuho dropped their target price on Super Micro Computer from $50.00 to $34.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price objective on Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $48.73.

Super Micro Computer Trading Up 0.5 %

The stock has a market cap of $19.29 billion, a P/E ratio of 16.33 and a beta of 1.36. 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 business's fifty day simple moving average is $35.96 and its 200 day simple moving average is $35.48.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the company's 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 completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. 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 three months. 17.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. WMG Financial Advisors LLC boosted its position in shares of Super Micro Computer by 19.0% during the first quarter. WMG Financial Advisors LLC now owns 7,859 shares of the company's stock worth $269,000 after buying an additional 1,253 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Super Micro Computer by 3.3% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 297,824 shares of the company's stock worth $10,197,000 after buying an additional 9,599 shares during the last quarter. WT Wealth Management raised its stake in Super Micro Computer by 21.5% in the 1st quarter. WT Wealth Management now owns 15,850 shares of the company's stock valued at $543,000 after acquiring an additional 2,800 shares during the period. HighPoint Advisor Group LLC boosted its holdings in shares of Super Micro Computer by 68.6% during the 1st quarter. HighPoint Advisor Group LLC now owns 125,501 shares of the company's stock worth $4,518,000 after buying an additional 51,043 shares during the period. Finally, Peterson Wealth Services acquired a new position in shares of Super Micro Computer in the first quarter valued at approximately $592,000. Institutional investors and hedge funds 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.