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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 2.3% on Friday . The company 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.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com assumed coverage on Super Micro Computer in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Loop Capital upped their target price on Super Micro Computer from $325.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 7th. Northland Securities upped their target price on Super Micro Computer from $300.00 to $345.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Rosenblatt Securities reissued a “buy” rating and issued a $375.00 target price on shares of Super Micro Computer in a report on Tuesday, August 8th. Finally, Susquehanna upped their target price on Super Micro Computer from $90.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $287.50.

Super Micro Computer Trading Up 4.9 %

The company has a quick ratio of 1.26, a current ratio of 2.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 24.51 and a beta of 1.29. The business has a 50 day moving average of $285.25 and a 200 day moving average of $195.84.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 8th. The company reported $3.43 earnings per share 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 firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. On average, research analysts forecast that Super Micro Computer, Inc. will post 14.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Charles Liang sold 963 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $329.05, for a total value of $316,875.15. Following the transaction, the chief executive officer now directly owns 1,827 shares in the company, valued at approximately $601,174.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Charles Liang sold 963 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $329.05, for a total value of $316,875.15. Following the transaction, the chief executive officer now directly owns 1,827 shares in the company, valued at approximately $601,174.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Shiu Leung Chan acquired 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $265.57 per share, for a total transaction of $1,062,280.00. Following the completion of the acquisition, the director now owns 40,917 shares in the company, valued at $10,866,327.69. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 10,091 shares of company stock worth $2,815,408. 14.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently modified their holdings of the stock. CWM LLC grew its stake in shares of Super Micro Computer by 12.3% in the second quarter. CWM LLC now owns 466 shares of the company’s stock valued at $116,000 after buying an additional 51 shares in the last quarter. C M Bidwell & Associates Ltd. grew its stake in shares of Super Micro Computer by 4.8% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,496 shares of the company’s stock valued at $373,000 after buying an additional 68 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Super Micro Computer by 36.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 307 shares of the company’s stock valued at $77,000 after buying an additional 82 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Super Micro Computer by 0.9% in the first quarter. State of Michigan Retirement System now owns 11,800 shares of the company’s stock valued at $1,257,000 after buying an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Super Micro Computer by 3,333.3% in the second quarter. Global Retirement Partners LLC now owns 103 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 72.75% 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.