Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 7.2% during mid-day trading on Tuesday . The stock traded as high as $42.91 and last traded at $42.96. 16,434,984 shares were traded during trading, a decline of 77% from the average session volume of 71,930,535 shares. The stock had previously closed at $40.09.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Wedbush reaffirmed a "neutral" rating and set a $30.00 price objective (down previously from $40.00) on shares of Super Micro Computer in a report on Wednesday, May 7th. Wall Street Zen raised Super Micro Computer to a "sell" rating in a report on Thursday, May 8th. Northland Securities set a $59.00 price target on Super Micro Computer in a report on Wednesday, May 7th. KGI Securities started coverage on Super Micro Computer in a report on Wednesday, May 7th. They set a "neutral" rating on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $39.00 price target 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 given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $45.63.
Get Our Latest Stock Report on SMCI
Super Micro Computer Price Performance
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 19.94 and a beta of 1.36. The company has a 50-day moving average of $35.86 and a 200-day moving average of $35.99.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. 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, CFO David E. Weigand sold 67,000 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.60% of the stock is owned by corporate insiders.
Institutional Trading of Super Micro Computer
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 64,407,769 shares of the company's stock valued at $2,205,322,000 after buying an additional 2,415,276 shares during the period. Geode Capital Management LLC boosted its position in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC purchased a new stake in Super Micro Computer during the 4th quarter worth $292,869,000. Invesco Ltd. boosted its position 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 purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp boosted its position in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.
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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