Super Micro Computer Inc. (NASDAQ:SMCI) rose 2.6% on Thursday . The company traded as high as $22.26 and last traded at $22.19, with a volume of 165,733 shares changing hands. The stock had previously closed at $21.63.

SMCI has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Super Micro Computer in a research report on Friday, August 5th. Maxim Group reaffirmed a “buy” rating and set a $42.00 target price (down from $46.00) on shares of Super Micro Computer in a research report on Monday, June 13th. Zacks Investment Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Stifel Nicolaus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, TheStreet lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Super Micro Computer presently has an average rating of “Hold” and an average price target of $31.69.

The stock’s 50-day moving average price is $21.51 and its 200 day moving average price is $26.93. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 15.94.

Super Micro Computer (NASDAQ:SMCI) last posted 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 earned $0.57 EPS. The firm earned $524.30 million during the quarter, compared to analyst estimates of $599.48 million. Super Micro Computer’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts anticipate that Super Micro Computer Inc. will post $1.38 earnings per share for the current fiscal year.

In related news, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total value of $439,754.80. Following the completion of the transaction, the chief financial officer now directly owns 20,312 shares in the company, valued at $439,754.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yih-Shyan Wally Liaw sold 20,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $21.51, for a total value of $430,200.00. Following the completion of the transaction, the insider now owns 20,000 shares of the company’s stock, valued at $430,200. The disclosure for this sale can be found here.

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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