Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shot up 7.2% during trading on Tuesday . The company traded as high as $42.91 and last traded at $42.96. 16,434,984 shares were traded during mid-day trading, a decline of 77% from the average session volume of 71,930,535 shares. The stock had previously closed at $40.09.
Analyst Ratings Changes
SMCI has been the topic of several analyst reports. Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Finally, Barclays restated an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $45.63.
Check Out Our Latest Report on SMCI
Super Micro Computer Stock Down 1.0%
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 cap of $24.57 billion, a PE ratio of 20.62 and a beta of 1.36. The firm's 50 day moving average is $35.87 and its 200-day moving average is $35.83.
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 for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $5.40 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer's revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. As a group, equities research analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David E. Weigand sold 67,000 shares of the 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 sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at approximately $3,900,127.98. This represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Super Micro Computer
A number of large investors have recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth $635,000. Fifth Third Bancorp increased its position in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after acquiring an additional 11,488 shares in the last quarter. Griffin Asset Management Inc. acquired a new stake in Super Micro Computer in the 4th quarter valued at about $931,000. Wealth Quarterback LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at about $435,000. Finally, KBC Group NV grew its position in shares of Super Micro Computer by 472.3% during the 4th quarter. KBC Group NV now owns 41,946 shares of the company's stock worth $1,279,000 after buying an additional 34,617 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.
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.
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