Super Micro Computer (NASDAQ:SMCI) Stock Price Up 3.7% - Here's Why

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) rose 3.7% during mid-day trading on Monday . The stock traded as high as $35.07 and last traded at $33.18. Approximately 26,838,665 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 71,708,569 shares. The stock had previously closed at $31.99.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities lowered their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Barclays reaffirmed an "equal weight" rating and set a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $45.25.

Super Micro Computer Price Performance

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average price is $35.30 and its 200 day moving average price is $35.02. The firm has a market capitalization of $27.30 billion, a price-to-earnings ratio of 22.96 and a beta of 1.36.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $5.40 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Eastern Bank bought a new stake in shares of Super Micro Computer in the 1st quarter valued at approximately $29,000. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the 4th quarter valued at about $30,000. Trust Co. of Vermont raised its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring an additional 893 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

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.