Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was up 2.8% during mid-day trading on Monday . The company traded as high as $46.30 and last traded at $45.86. Approximately 13,637,872 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 56,872,254 shares. The stock had previously closed at $44.60.
Analysts Set New Price Targets
SMCI has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Super Micro Computer from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group increased their target price on shares of Super Micro Computer from $24.00 to $27.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Northland Securities set a $59.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 7th. Bank of America initiated coverage on shares of Super Micro Computer in a research report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price objective for the company. Finally, Wedbush reissued a "neutral" rating and set a $30.00 price target on shares of Super Micro Computer in a research report on Monday, August 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $44.75.
Check Out Our Latest Analysis on SMCI
Super Micro Computer Trading Up 2.3%
The business has a fifty day moving average price of $48.61 and a 200 day moving average price of $41.63. The company has a market capitalization of $27.24 billion, a PE ratio of 27.53, a P/E/G ratio of 1.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.32 and a current ratio of 5.32.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The company had revenue of $5.76 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the previous year, the business posted $6.25 earnings per share. The business's quarterly revenue was up 8.5% compared to the same quarter last year. Analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the business's stock in a transaction on 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 in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Liang sold 300,000 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the chief executive officer owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,067,000 shares of company stock worth $53,949,340 in the last 90 days. 17.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Super Micro Computer
A number of institutional investors and hedge funds have recently modified their holdings of SMCI. TD Private Client Wealth LLC raised its position in Super Micro Computer by 46.0% during the second 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 period. Orion Capital Management LLC acquired a new position in Super Micro Computer during the second quarter valued at $39,000. Avion Wealth raised its position in Super Micro Computer by 434.6% during the second quarter. Avion Wealth now owns 834 shares of the company's stock valued at $40,000 after buying an additional 678 shares during the period. Eastern Bank acquired a new position in Super Micro Computer during the first quarter valued at $29,000. Finally, Central Pacific Bank Trust Division acquired a new position in Super Micro Computer during the first quarter valued at $34,000. 84.06% of the stock is 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.
Further Reading
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