Super Micro Computer Inc. (NASDAQ:SMCI) shares shot up 3.4% during trading on Monday . The company traded as high as $20.79 and last traded at $20.74, with a volume of 335,951 shares trading hands. The stock had previously closed at $20.05.

A number of brokerages have commented on SMCI. Needham & Company LLC lowered their target price on Super Micro Computer from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. DA Davidson cut Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $19.00 in a research report on Tuesday, July 19th. Stifel Nicolaus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Susquehanna reaffirmed a “positive” rating and issued a $33.00 price target on shares of Super Micro Computer in a research report on Wednesday, July 6th. Finally, Zacks Investment Research cut Super Micro Computer from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 29th. 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. The stock presently has a consensus rating of “Hold” and an average price target of $33.88.

The firm has a 50-day moving average of $24.91 and a 200-day moving average of $28.16. The firm has a market capitalization of $984.35 million and a price-to-earnings ratio of 11.21.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, April 28th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The firm had revenue of $532.70 million for the quarter, compared to analysts’ expectations of $557.27 million. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. Equities analysts forecast that Super Micro Computer Inc. will post $1.57 earnings per share for the current fiscal year.

In other news, CFO Howard Hideshima sold 20,312 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $26.20, for a total value of $532,174.40. Following the completion of the sale, the chief financial officer now directly owns 20,312 shares of the company’s stock, valued at approximately $532,174.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $26.97, for a total transaction of $53,940.00. Following the completion of the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at $53,940. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of 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 during the period. First Trust Advisors LP boosted its position in shares of Super Micro Computer by 41.6% in the fourth quarter. First Trust Advisors LP now owns 63,982 shares of the company’s stock worth $1,568,000 after buying an additional 18,797 shares during the period. Rhumbline Advisers boosted its position in shares of 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 shares of 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. Finally, New York State Common Retirement Fund boosted its position in shares of Super Micro Computer by 37.0% in the fourth quarter. New York State Common Retirement Fund now owns 118,042 shares of the company’s stock worth $2,893,000 after buying an additional 31,856 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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