Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares rose 2.8% during mid-day trading on Wednesday . The stock traded as high as $44.16 and last traded at $44.11. Approximately 12,862,716 shares traded hands during trading, a decline of 79% from the average daily volume of 61,878,859 shares. The stock had previously closed at $42.91.
Wall Street Analysts Forecast Growth
SMCI has been the subject of a number of recent research reports. Barclays restated an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a research note on Tuesday, May 6th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.63.
Check Out Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Stock Performance
The stock has a market cap of $24.80 billion, a P/E ratio of 20.86 and a beta of 1.40. 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 stock has a 50 day simple moving average of $37.59 and a 200 day simple moving average of $37.20.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities 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 other Super Micro Computer news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the transaction, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. The trade was a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Inspire Investing LLC boosted its position in Super Micro Computer by 19.0% during the 1st quarter. Inspire Investing LLC now owns 74,395 shares of the company's stock worth $2,547,000 after buying an additional 11,864 shares during the period. Strs Ohio bought a new position in shares of Super Micro Computer during the first quarter valued at $3,424,000. Geneos Wealth Management Inc. lifted its holdings in shares of Super Micro Computer by 15.2% during the first quarter. Geneos Wealth Management Inc. now owns 7,917 shares of the company's stock worth $271,000 after purchasing an additional 1,045 shares during the period. Integrity Alliance LLC. acquired a new position in shares of Super Micro Computer during the first quarter worth $753,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Super Micro Computer by 2.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,892,772 shares of the company's stock worth $99,049,000 after purchasing an additional 76,776 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.
About Super Micro Computer
(
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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