Super Micro Computer (NASDAQ:SMCI) Shares Down 1.4%

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 1.4% on Monday . The stock traded as low as $671.00 and last traded at $703.79. Approximately 4,862,999 shares were traded during trading, a decline of 51% from the average daily volume of 9,856,420 shares. The stock had previously closed at $713.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Loop Capital lifted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Wedbush boosted their target price on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Susquehanna increased their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective for the company. Finally, Bank of America raised their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $949.85.

Super Micro Computer Price Performance

The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $954.67 and a 200 day simple moving average of $558.04. The stock has a market capitalization of $42.61 billion, a P/E ratio of 59.47, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $3.09 EPS. The company’s revenue for the quarter was up 103.0% on a year-over-year basis. On average, analysts expect that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Buying and Selling

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of SMCI. Sound Income Strategies LLC increased its position in shares of Super Micro Computer by 14.4% in the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after purchasing an additional 13 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Super Micro Computer by 1.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after acquiring an additional 16 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Super Micro Computer by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after acquiring an additional 18 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Super Micro Computer by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $229,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.