Super Micro Computer (NASDAQ:SMCI) Trading 4.8% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 4.8% during mid-day trading on Friday . The stock traded as high as $896.49 and last traded at $888.10. Approximately 2,837,459 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 9,016,168 shares. The stock had previously closed at $847.38.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SMCI shares. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. KeyCorp assumed coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Finally, Northland Securities upped their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $954.38.

Super Micro Computer Price Performance

The company has a market capitalization of $49.44 billion, a P/E ratio of 49.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The firm’s 50-day moving average is $892.19 and its 200-day moving average is $647.80.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. Analysts predict that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total transaction of $456,550.50. Following the transaction, the director now directly owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares of the company’s stock, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. Optimum Investment Advisors purchased a new position in Super Micro Computer in the 4th quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer in the fourth quarter worth $33,000. Bank of New Hampshire bought a new position in shares of Super Micro Computer during the first quarter worth $35,000. Finally, VitalStone Financial LLC boosted its position in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares during the last quarter. 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.