Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.6%

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 2.6% on Friday . The stock traded as high as $801.59 and last traded at $782.15. Approximately 2,893,633 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 9,613,306 shares. The stock had previously closed at $762.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Loop Capital increased their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Company decreased their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday. Bank of America lifted their price objective on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday. Finally, Barclays lifted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Moderate Buy” and a consensus target price of $954.38.

Super Micro Computer Stock Up 2.6 %

The company has a market capitalization of $43.78 billion, a PE ratio of 43.84, a P/E/G ratio of 0.67 and a beta of 1.34. The business has a 50-day moving average of $947.89 and a 200 day moving average of $579.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm posted $3.09 earnings per share. The business’s revenue for the quarter was up 103.0% on a year-over-year basis. Equities research analysts predict that Super Micro Computer, Inc. will post 19.87 earnings per share for the current year.

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction on Wednesday, February 14th. The stock was 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 directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,252 shares of company stock worth $29,950,223. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in SMCI. Asset Management One Co. Ltd. raised its holdings in Super Micro Computer by 1,104.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,377 shares of the company’s stock valued at $5,039,000 after acquiring an additional 16,851 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Super Micro Computer by 122.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,440 shares of the company’s stock worth $2,589,000 after acquiring an additional 5,192 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Super Micro Computer during the 3rd quarter valued at about $3,154,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Super Micro Computer by 61.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,871 shares of the company’s stock valued at $3,529,000 after purchasing an additional 4,915 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Super Micro Computer by 630.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 25,046 shares of the company’s stock worth $6,868,000 after purchasing an additional 21,615 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.