Super Micro Computer (NASDAQ:SMCI) Stock Price Down 3.7%

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 3.7% during trading on Friday . The stock traded as low as $897.00 and last traded at $902.41. 1,303,811 shares changed hands during trading, a decline of 87% from the average session volume of 10,030,855 shares. The stock had previously closed at $937.28.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Argus started coverage on Super Micro Computer in a research note on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. Wedbush lifted their price target on Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Wells Fargo & Company assumed coverage on Super Micro Computer in a report on Friday, February 16th. They set an “equal weight” rating and a $960.00 price target for the company. Finally, Barclays lifted their price objective on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $865.23.

Super Micro Computer Price Performance

The firm has a market cap of $50.25 billion, a P/E ratio of 70.14, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. 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 50-day moving average of $936.49 and a two-hundred day moving average of $528.10.

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

Insider Buying and Selling

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the sale, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock worth $30,113,681 in the last 90 days. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. International Assets Investment Management LLC grew its position in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $140,751,000. Millennium Management LLC boosted its position in shares of Super Micro Computer by 379.5% during the 2nd quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock valued at $24,586,000 after purchasing an additional 482,230 shares in the last quarter. Envestnet Asset Management Inc. boosted its position 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 valued at $826,000 after purchasing an additional 461,808 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Super Micro Computer during the 4th quarter valued at about $95,211,000. 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.