Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price shot up 1% during trading on Monday . The stock traded as high as $37.82 and last traded at $36.83. 18,447,893 shares traded hands during trading, a decline of 74% from the average session volume of 72,062,564 shares. The stock had previously closed at $36.47.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Rosenblatt Securities reissued a "buy" rating and issued a $55.00 price target on shares of Super Micro Computer in a report on Wednesday. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Barclays cut their target price on shares of Super Micro Computer from $59.00 to $34.00 and set an "equal weight" rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and an average target price of $48.73.
Get Our Latest Stock Report on Super Micro Computer
Super Micro Computer Trading Down 11.5 %
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market capitalization of $19.01 billion, a P/E ratio of 15.99 and a beta of 1.22. The company has a 50-day simple moving average of $36.96 and a 200 day simple moving average of $35.96.
Insiders Place Their Bets
In other news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred 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 worth $6,771,552 over the last 90 days. Corporate insiders own 17.60% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC lifted its holdings in Super Micro Computer by 109.9% during the 1st quarter. Cerity Partners LLC now owns 33,800 shares of the company's stock valued at $1,157,000 after purchasing an additional 17,694 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Super Micro Computer during the first quarter worth approximately $293,000. Nisa Investment Advisors LLC raised its stake in shares of Super Micro Computer by 105.0% in the first quarter. Nisa Investment Advisors LLC now owns 135,230 shares of the company's stock valued at $4,630,000 after acquiring an additional 69,254 shares during the last quarter. Greenleaf Trust acquired a new position in shares of Super Micro Computer in the 1st quarter worth approximately $210,000. Finally, M&T Bank Corp grew its position in Super Micro Computer by 44.0% during the 1st quarter. M&T Bank Corp now owns 31,015 shares of the company's stock worth $1,062,000 after acquiring an additional 9,479 shares during the last quarter. 84.06% of the stock is owned by institutional investors.
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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