Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price traded up 5.1% during mid-day trading on Friday . The company traded as high as $47.80 and last traded at $46.21. 49,282,714 shares were traded during mid-day trading, a decline of 32% from the average session volume of 72,428,737 shares. The stock had previously closed at $43.96.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Mizuho boosted their price target on Super Micro Computer from $32.00 to $40.00 and gave the company a "neutral" rating in a report on Monday. Finally, Wedbush reiterated a "neutral" rating and issued a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and an average target price of $45.63.
Check Out Our Latest Stock Report on SMCI
Super Micro Computer Stock Down 4.5%
The firm's 50-day moving average price is $35.73 and its 200 day moving average price is $35.23. The firm has a market cap of $25.53 billion, a P/E ratio of 21.47 and a beta of 1.36. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 8.09% and a return on equity of 30.57%. Super Micro Computer's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. As a group, research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.
Insider Activity at Super Micro Computer
In related news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last 90 days. Corporate insiders own 17.60% of the company's stock.
Hedge Funds Weigh In On Super Micro Computer
Large investors have recently made changes to their positions in the business. Eastern Bank bought a new position in shares of Super Micro Computer during the 1st quarter valued at about $29,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Super Micro Computer by 2,890.9% in 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 during the period. Larson Financial Group LLC boosted its holdings 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 worth $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer in the fourth quarter worth about $31,000. Institutional investors own 84.06% of the company's stock.
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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