Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded down 2.5% during mid-day trading on Tuesday . The company traded as low as $35.97 and last traded at $36.35. 11,553,851 shares were traded during trading, a decline of 84% from the average session volume of 71,913,072 shares. The stock had previously closed at $37.27.
Analysts Set New Price Targets
A number of equities analysts have recently commented on SMCI shares. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Northland Securities set a $70.00 price target on Super Micro Computer in a research report on Thursday, March 6th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.67.
Read Our Latest Research Report on Super Micro Computer
Super Micro Computer Stock Performance
The firm has a market cap of $21.72 billion, a PE ratio of 18.34 and a beta of 1.22. The company has a 50 day simple moving average of $37.91 and a 200-day simple moving average of $35.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.
Insider Activity at Super Micro Computer
In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction on 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 sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.
Hedge Funds Weigh In On Super Micro Computer
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer in the fourth quarter worth $292,869,000. Invesco Ltd. boosted its holdings in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its position in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is owned by institutional investors.
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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