Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) rose 3.4% on Thursday . The company traded as high as $33.06 and last traded at $32.95. Approximately 21,960,332 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 71,996,318 shares. The stock had previously closed at $31.86.
Analysts Set New Price Targets
SMCI has been the topic of a number of analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $55.00 price target on shares of Super Micro Computer in a research report on Wednesday. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on shares of Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $48.73.
Get Our Latest Analysis on SMCI
Super Micro Computer Stock Up 3.0 %
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 capitalization of $20.12 billion, a P/E ratio of 16.92 and a beta of 1.22. The stock has a 50 day moving average price of $36.34 and a 200 day moving average price of $35.67.
Insider Buying and Selling at Super Micro Computer
In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, 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 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 business's stock in a transaction on Friday, February 28th. The stock was 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. Over the last three months, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Super Micro Computer
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RWQ Financial Management Services Inc. acquired a new position in shares of Super Micro Computer in the 1st quarter worth approximately $820,000. Easterly Investment Partners LLC bought a new position in Super Micro Computer during the first quarter worth $701,000. Parcion Private Wealth LLC lifted its holdings in Super Micro Computer by 85.5% in the first quarter. Parcion Private Wealth LLC now owns 17,968 shares of the company's stock valued at $615,000 after buying an additional 8,283 shares during the period. Victory Capital Management Inc. boosted its position in Super Micro Computer by 0.3% during the first quarter. Victory Capital Management Inc. now owns 162,589 shares of the company's stock valued at $5,567,000 after acquiring an additional 457 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Super Micro Computer by 46.6% during the 1st quarter. Wealthfront Advisers LLC now owns 69,459 shares of the company's stock worth $2,378,000 after acquiring an additional 22,081 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.
Super Micro Computer Company Profile
(
Get Free Report)
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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