Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 3.2% during mid-day trading on Thursday . The stock traded as high as $45.67 and last traded at $44.47. 40,540,883 shares traded hands during trading, a decline of 42% from the average session volume of 70,222,521 shares. The stock had previously closed at $43.11.
Analyst Ratings Changes
A number of research firms have recently commented on SMCI. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Wedbush restated a "neutral" rating and set a $30.00 price target (down from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Mizuho set a $40.00 target price on Super Micro Computer and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Barclays reissued an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $45.63.
Get Our Latest Research Report on SMCI
Super Micro Computer Stock Performance
The stock has a 50 day simple moving average of $38.58 and a 200 day simple moving average of $37.42. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 23.84 and a beta of 1.40. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.
Insider Transactions at Super Micro Computer
In related news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm'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 transaction, the director now directly owns 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now directly owns 88,599 shares in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is currently owned by insiders.
Institutional Trading of Super Micro Computer
Institutional investors and hedge funds have recently modified their holdings of the business. New York Life Investment Management LLC raised its holdings in shares of Super Micro Computer by 907.8% during the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company's stock worth $2,060,000 after purchasing an additional 60,879 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $209,000. US Bancorp DE raised its holdings in shares of Super Micro Computer by 1,147.3% during the fourth quarter. US Bancorp DE now owns 28,863 shares of the company's stock worth $880,000 after purchasing an additional 26,549 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Super Micro Computer by 842.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company's stock worth $723,000 after purchasing an additional 21,512 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Super Micro Computer by 561.3% in the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company's stock worth $20,592,000 after acquiring an additional 573,439 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.
About Super Micro Computer
(
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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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