Super Micro Computer (NASDAQ:SMCI) Shares Down 1.9%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded down 1.9% during mid-day trading on Monday . The stock traded as low as $773.81 and last traded at $803.74. 3,518,738 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 8,612,216 shares. The stock had previously closed at $819.35.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Loop Capital increased their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Company reduced their price objective on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Price Performance

The stock has a market cap of $46.82 billion, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. The stock has a fifty day simple moving average of $836.36 and a 200-day simple moving average of $756.52. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities research analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. Insiders sold 1,325 shares of company stock worth $1,116,736 in the last 90 days. 17.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. International Assets Investment Management LLC increased its stake in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares during the period. GQG Partners LLC acquired a new stake in shares of Super Micro Computer during the first quarter worth $1,325,466,000. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Norges Bank acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $95,211,000. Finally, Wolf Hill Capital Management LP acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $77,996,000. 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.