Super Micro Computer Inc. (NASDAQ:SMCI) shot up 5.7% during trading on Friday . The company traded as high as $21.64 and last traded at $21.58, with a volume of 818,729 shares changing hands. The stock had previously closed at $20.42.

A number of brokerages have commented on SMCI. Needham & Company LLC dropped their price objective on shares of Super Micro Computer from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Maxim Group reissued a “buy” rating and issued a $42.00 price objective (down from $46.00) on shares of Super Micro Computer in a research report on Monday, June 13th. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Super Micro Computer in a research report on Monday, April 18th. Zacks Investment Research downgraded shares of Super Micro Computer from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 29th. Finally, Roth Capital reissued a “buy” rating and issued a $40.00 price objective on shares of Super Micro Computer in a research report on Sunday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $33.88.

The firm has a market capitalization of $1.04 billion and a PE ratio of 11.83. The firm has a 50 day moving average price of $23.50 and a 200 day moving average price of $27.95.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. During the same period in the previous year, the business posted $0.57 EPS. The company had revenue of $524.30 million for the quarter, compared to analyst estimates of $599.48 million. The company’s revenue was down 8.6% on a year-over-year basis. On average, equities analysts forecast that Super Micro Computer Inc. will post $1.71 earnings per share for the current year.

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

A number of hedge funds have added to or reduced their stakes in the stock. First Washington CORP raised its stake in Super Micro Computer by 11.8% in the fourth quarter. First Washington CORP now owns 139,040 shares of the company’s stock valued at $3,408,000 after buying an additional 14,640 shares during the last quarter. State of Wisconsin Investment Board raised its stake in 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 valued at $4,779,000 after buying an additional 20,000 shares during the last quarter. First Trust Advisors LP raised its stake in Super Micro Computer by 41.6% in the fourth quarter. First Trust Advisors LP now owns 63,982 shares of the company’s stock valued at $1,568,000 after buying an additional 18,797 shares during the last quarter. Redwood Investments LLC raised its stake in Super Micro Computer by 19.8% in the fourth quarter. Redwood Investments LLC now owns 49,690 shares of the company’s stock valued at $1,218,000 after buying an additional 8,205 shares during the last quarter. Finally, California State Teachers Retirement System raised 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 valued at $1,673,000 after buying an additional 1,142 shares during 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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