Super Micro Computer Inc. (NASDAQ:SMCI) shares shot up 5.7% during mid-day 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 recently issued reports on SMCI. Roth Capital cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $40.00 to $22.50 in a report on Friday. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Super Micro Computer in a report on Friday. Pacific Crest initiated coverage on shares of Super Micro Computer in a research note on Thursday, July 28th. They issued a “sector weight” rating on the stock. DA Davidson lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the company from $35.00 to $19.00 in a research note on Tuesday, July 19th. Finally, Stifel Nicolaus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $31.69.

The firm has a market cap of $1.04 billion and a price-to-earnings ratio of 15.45. The company 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 data 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. The company had revenue of $524.30 million for the quarter, compared to analyst estimates of $599.48 million. Super Micro Computer’s revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. On average, equities research analysts forecast that Super Micro Computer Inc. will post $1.45 EPS for the current year.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $25.16, for a total transaction of $251,600.00. Following the completion of the sale, the director now owns 256,000 shares of the company’s stock, valued at approximately $6,440,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 20,312 shares of the company’s stock, valued at approximately $532,174.40. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in SMCI. First Washington CORP increased 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 worth $3,408,000 after buying an additional 14,640 shares in the last quarter. Redwood Investments LLC increased 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 worth $1,218,000 after buying an additional 8,205 shares in the last quarter. Wells Fargo & Company MN increased its stake in 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. State of Wisconsin Investment Board increased 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 worth $4,779,000 after buying an additional 20,000 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in 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.

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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