Super Micro Computer (NASDAQ:SMCI) Trading 4% Higher - Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 4% during mid-day trading on Tuesday . The company traded as high as $43.25 and last traded at $42.85. 14,279,266 shares were traded during trading, a decline of 80% from the average session volume of 71,406,177 shares. The stock had previously closed at $41.20.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Rosenblatt Securities cut their price objective on Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Mizuho set a $40.00 price objective on Super Micro Computer and gave the company a "neutral" rating in a report on Monday, May 19th. JPMorgan Chase & Co. cut their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Citigroup assumed coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. Finally, Wedbush reissued a "neutral" rating and set a $30.00 price objective (down from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, eleven 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, Super Micro Computer has an average rating of "Hold" and a consensus price target of $45.63.

Super Micro Computer Price Performance

The stock has a fifty day moving average of $36.29 and a 200-day moving average of $36.61. 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 firm has a market capitalization of $26.34 billion, a P/E ratio of 22.15 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced 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. The firm had revenue of $4.60 billion during 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%. The company's revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. Chicago Partners Investment Group LLC lifted its stake in Super Micro Computer by 27.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 10,554 shares of the company's stock valued at $344,000 after acquiring an additional 2,298 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Super Micro Computer by 1,022.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,108 shares of the company's stock valued at $582,000 after acquiring an additional 17,406 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Super Micro Computer by 1,040.2% in the 4th quarter. DAVENPORT & Co LLC now owns 21,630 shares of the company's stock valued at $659,000 after acquiring an additional 19,733 shares in the last quarter. Spire Wealth Management lifted its stake in Super Micro Computer by 2,231.2% in the 4th quarter. Spire Wealth Management now owns 15,526 shares of the company's stock valued at $473,000 after acquiring an additional 14,860 shares in the last quarter. Finally, Golden State Equity Partners bought a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $293,000. Institutional investors own 84.06% of the company's stock.

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.