Super Micro Computer (NASDAQ:SMCI) Trading Down 3.5% - Here's Why

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares fell 3.5% during trading on Tuesday . The company traded as low as $48.85 and last traded at $49.68. 13,797,341 shares were traded during mid-day trading, a decline of 80% from the average session volume of 67,732,191 shares. The stock had previously closed at $51.50.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SMCI shares. Mizuho boosted their price target on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Barclays reaffirmed an "equal weight" rating and issued a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Wall Street Zen upgraded Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $42.89.

Super Micro Computer Trading Down 2.8%

The stock has a market cap of $29.88 billion, a P/E ratio of 26.26, a PEG ratio of 2.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The business's 50 day simple moving average is $44.89 and its 200 day simple moving average is $39.38.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. Super Micro Computer's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC grew its stake in Super Micro Computer by 46.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company's stock valued at $39,000 after buying an additional 252 shares during the last quarter. Eastern Bank acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $29,000. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $34,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $34,000. Finally, Garde Capital Inc. grew its position in shares of Super Micro Computer by 42.1% during the 2nd quarter. Garde Capital Inc. now owns 1,013 shares of the company's stock worth $50,000 after purchasing an additional 300 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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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