Super Micro Computer (NASDAQ:SMCI) Trading 2.3% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded up 2.3% during trading on Friday . The stock traded as high as $275.50 and last traded at $273.50. 254,517 shares changed hands during trading, a decline of 89% from the average session volume of 2,385,564 shares. The stock had previously closed at $267.48.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Loop Capital boosted their price target on shares of Super Micro Computer from $325.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $375.00 price target on shares of Super Micro Computer in a research note on Tuesday, August 8th. Susquehanna lifted their price objective on Super Micro Computer from $90.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Wedbush raised Super Micro Computer from an “underperform” rating to a “neutral” rating and set a $250.00 target price on the stock in a research note on Wednesday, August 23rd. Finally, Northland Securities boosted their target price on Super Micro Computer from $300.00 to $345.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $287.50.

Super Micro Computer Price Performance

The company has a 50 day moving average of $283.99 and a 200 day moving average of $193.27. The company has a current ratio of 2.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.06. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 23.36 and a beta of 1.29.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.21 by $0.22. Super Micro Computer had a return on equity of 35.13% and a net margin of 8.98%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Equities research analysts predict that Super Micro Computer, Inc. will post 14.37 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 963 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $329.05, for a total transaction of $316,875.15. Following the completion of the transaction, the chief executive officer now owns 1,827 shares in the company, valued at approximately $601,174.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Super Micro Computer news, CEO Charles Liang sold 963 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $329.05, for a total transaction of $316,875.15. Following the completion of the transaction, the chief executive officer now owns 1,827 shares of the company’s stock, valued at approximately $601,174.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 5,160 shares of Super Micro Computer stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $269.99, for a total transaction of $1,393,148.40. Following the completion of the sale, the senior vice president now owns 7,338 shares in the company, valued at $1,981,186.62. The disclosure for this sale can be found here. Insiders sold 10,091 shares of company stock valued at $2,815,408 over the last quarter. Corporate insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC raised its holdings in Super Micro Computer by 379.5% during the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock worth $24,586,000 after acquiring an additional 482,230 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Super Micro Computer by 4,603.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 471,840 shares of the company’s stock worth $826,000 after purchasing an additional 461,808 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Super Micro Computer in the 2nd quarter valued at approximately $80,766,000. Wellington Management Group LLP grew its stake in shares of Super Micro Computer by 3,337.1% in the first quarter. Wellington Management Group LLP now owns 319,890 shares of the company’s stock valued at $34,084,000 after buying an additional 310,583 shares in the last quarter. Finally, Portolan Capital Management LLC increased its holdings in Super Micro Computer by 171.5% during the first quarter. Portolan Capital Management LLC now owns 484,241 shares of the company’s stock worth $51,596,000 after buying an additional 305,873 shares during the last quarter. 72.75% of the stock is owned by institutional investors.

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.