Shares of Super Micro Computer Inc. (NASDAQ:SMCI) saw unusually-strong trading volume on Wednesday . Approximately 1,389,062 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 786,781 shares.The stock last traded at $19.37 and had previously closed at $19.02.

Several analysts recently issued reports on SMCI shares. Sterne Agee CRT reissued a “buy” rating and issued a $35.00 price target (down previously from $38.00) on shares of Super Micro Computer in a report on Friday, April 15th. Roth Capital reissued a “buy” rating and issued a $40.00 price target on shares of Super Micro Computer in a report on Sunday, April 17th. Maxim Group cut their price target on Super Micro Computer from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, April 18th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price target on shares of Super Micro Computer in a report on Monday, April 18th. Finally, Zacks Investment Research downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Saturday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.88.

The firm has a market cap of $946.61 million and a PE ratio of 10.78. The firm’s 50 day moving average is $25.28 and its 200 day moving average is $28.25.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.13. The company had revenue of $532.70 million for the quarter, compared to analyst estimates of $557.27 million. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. On average, analysts expect that Super Micro Computer Inc. will post $1.77 earnings per share for the current fiscal year.

In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $25.14, for a total value of $125,700.00. Following the completion of the sale, the director now owns 256,000 shares in the company, valued at approximately $6,435,840. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Howard Hideshima sold 20,312 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $26.20, for a total transaction of $532,174.40. Following the completion of the sale, the chief financial officer now owns 20,312 shares of the company’s stock, valued at approximately $532,174.40. The disclosure for this sale can be found here.

Several hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Super Micro Computer by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 68,273 shares of the company’s stock worth $1,673,000 after buying an additional 1,142 shares in the last quarter. Rhumbline Advisers boosted its position in Super Micro Computer by 8.4% in the fourth quarter. Rhumbline Advisers now owns 41,646 shares of the company’s stock worth $1,021,000 after buying an additional 3,230 shares during the period. Comerica Bank boosted its position in Super Micro Computer by 7.4% in the fourth quarter. Comerica Bank now owns 74,154 shares of the company’s stock worth $1,628,000 after buying an additional 5,115 shares during the period. Redwood Investments LLC boosted its position in Super Micro Computer by 19.8% in the fourth quarter. Redwood Investments LLC now owns 49,690 shares of the company’s stock worth $1,218,000 after buying an additional 8,205 shares during the period. Finally, First Washington CORP boosted its position in Super Micro Computer by 11.8% in the fourth quarter. First Washington CORP now owns 139,040 shares of the company’s stock worth $3,408,000 after buying an additional 14,640 shares during the period.

Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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