Shares of Super Micro Computer Inc. (NASDAQ:SMCI) traded 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 traded. The stock had previously closed at $20.05.

A number of analysts recently commented on the stock. Needham & Company LLC dropped their target price on shares of Super Micro Computer from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. DA Davidson downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $19.00 in a report on Tuesday, July 19th. Stifel Nicolaus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Susquehanna reiterated a “positive” rating and issued a $33.00 target price on shares of Super Micro Computer in a report on Wednesday, July 6th. Finally, Zacks Investment Research downgraded shares of Super Micro Computer from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $33.88.

The stock has a market cap of $1.02 billion and a price-to-earnings ratio of 11.60. The stock’s 50 day moving average price is $24.58 and its 200-day moving average price is $28.22.

In other Super Micro Computer news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $26.97, for a total transaction of $53,940.00. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $53,940. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $25.14, for a total transaction of $125,700.00. Following the sale, the director now directly owns 256,000 shares in the company, valued at approximately $6,435,840. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Royce & Associates LLC raised its stake in shares of Super Micro Computer by 90.5% in the fourth quarter. Royce & Associates LLC now owns 1,678,912 shares of the company’s stock worth $41,150,000 after buying an additional 797,499 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Super Micro Computer by 206.5% in the fourth quarter. Wells Fargo & Company MN now owns 554,513 shares of the company’s stock worth $13,591,000 after buying an additional 373,566 shares in the last quarter. New York State Common Retirement Fund raised its stake 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 in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Super Micro Computer by 11.4% in the fourth quarter. State of Wisconsin Investment Board now owns 195,000 shares of the company’s stock worth $4,779,000 after buying an additional 20,000 shares in the last quarter. Finally, First Trust Advisors LP raised its stake 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 in the last quarter.

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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