Super Micro Computer (NASDAQ:SMCI) Trading 0.6% Higher - What's Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 0.6% during mid-day trading on Thursday . The company traded as high as $42.44 and last traded at $41.89. 12,415,470 shares were traded during trading, a decline of 83% from the average session volume of 72,302,849 shares. The stock had previously closed at $41.65.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research report on Wednesday, May 7th. Barclays restated an "equal weight" rating and set a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $39.00 price target on shares of Super Micro Computer in a research note on Wednesday, May 7th. Mizuho boosted their price objective on Super Micro Computer from $32.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $45.63.

Super Micro Computer Price Performance

The company has a 50 day moving average price of $35.79 and a 200 day moving average price of $35.33. 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 $24.78 billion, a price-to-earnings ratio of 20.87 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the previous year, the company earned $0.66 EPS. Super Micro Computer's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction 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 in the company, valued at $3,381,640,618.80. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 completion of the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This trade represents a 78.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. Company insiders own 17.60% of the company's stock.

Institutional Trading of Super Micro Computer

Several hedge funds have recently added to or reduced their stakes in SMCI. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $635,000. Nepsis Inc. acquired a new position in Super Micro Computer during the 4th quarter worth approximately $13,625,000. Fifth Third Bancorp increased its holdings in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after purchasing an additional 11,488 shares in the last quarter. Oxinas Partners Wealth Management LLC increased its stake in shares of Super Micro Computer by 1,588.1% in the fourth quarter. Oxinas Partners Wealth Management LLC now owns 26,605 shares of the company's stock valued at $811,000 after buying an additional 25,029 shares during the period. Finally, Griffin Asset Management Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $931,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.

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