Super Micro Computer (NASDAQ:SMCI) Trading Up 5.6% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares were up 5.6% on Wednesday . The stock traded as high as $46.93 and last traded at $45.23. Approximately 39,518,201 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 69,681,433 shares. The stock had previously closed at $42.84.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMCI. Rosenblatt Securities cut their price objective 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. JPMorgan Chase & Co. cut their price target on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Mizuho set a $40.00 price objective on Super Micro Computer and gave the stock a "neutral" rating in a research note on Monday, May 19th. Raymond James Financial initiated coverage on Super Micro Computer in a research report on Tuesday, May 13th. They set an "outperform" rating and a $41.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $45.63.

Super Micro Computer Trading Up 7.6%

The company has a market cap of $27.51 billion, a price-to-earnings ratio of 24.09 and a beta of 1.40. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $38.92 and a 200 day simple moving average of $37.41.

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, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the completion of the transaction, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at $3,900,127.98. The trade was a 43.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Liang sold 300,000 shares of the 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 sale, the chief executive officer 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 disclosure for this sale can be found here. In the last three months, insiders have sold 667,000 shares of company stock valued at $29,949,340. Company insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMCI. Vanguard Group Inc. grew its position in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new stake in Super Micro Computer in the 4th quarter worth about $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. Institutional investors and hedge funds 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.

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