Super Micro Computer (NASDAQ:SMCI) Trading 3.9% Higher - Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was up 3.9% during trading on Monday . The stock traded as high as $53.79 and last traded at $53.77. Approximately 13,495,976 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 67,851,558 shares. The stock had previously closed at $51.77.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of analyst reports. Raymond James Financial began coverage on shares of Super Micro Computer in a report on Wednesday, June 25th. They set an "outperform" rating for the company. Citigroup reiterated a "neutral" rating and issued a $52.00 price objective (up from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Bank of America initiated coverage on Super Micro Computer in a research report on Wednesday, July 9th. They set an "underperform" rating and a $35.00 price objective on the stock. Rosenblatt Securities decreased their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Finally, KGI Securities assumed coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating for the company. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.89.

Super Micro Computer Trading Down 0.5%

The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $44.89 and a two-hundred day simple moving average of $39.38. The stock has a market cap of $30.74 billion, a PE ratio of 27.09, a PEG ratio of 2.37 and a beta of 1.43.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data 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 5.61% and a return on equity of 20.41%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Super Micro Computer's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the director owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Super Micro Computer by 1.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,776 shares of the company's stock valued at $3,959,000 after purchasing an additional 1,399 shares during the period. ASR Vermogensbeheer N.V. boosted its position in shares of Super Micro Computer by 40.1% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 57,154 shares of the company's stock worth $2,801,000 after buying an additional 16,346 shares in the last quarter. PFG Investments LLC increased its position in Super Micro Computer by 8.5% during the second quarter. PFG Investments LLC now owns 12,650 shares of the company's stock worth $620,000 after buying an additional 995 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Super Micro Computer by 16.0% during the 2nd quarter. Greenleaf Trust now owns 7,116 shares of the company's stock worth $349,000 after purchasing an additional 984 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Super Micro Computer by 10.8% during the second quarter. Janney Montgomery Scott LLC now owns 63,210 shares of the company's stock worth $3,098,000 after purchasing an additional 6,143 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

About Super Micro Computer

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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