Super Micro Computer (NASDAQ:SMCI) Shares Up 6.1%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) rose 6.1% during trading on Friday . The company traded as high as $844.75 and last traded at $835.30. Approximately 3,153,290 shares traded hands during trading, a decline of 68% from the average daily volume of 9,710,076 shares. The stock had previously closed at $787.40.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $530.00 price target on shares of Super Micro Computer in a research note on Wednesday. Barclays boosted their target price on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Loop Capital increased their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. KeyCorp assumed coverage on shares of Super Micro Computer in a report on Wednesday. They set a “sector weight” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $949.85.

Super Micro Computer Stock Up 8.9 %

The firm has a market capitalization of $47.96 billion, a PE ratio of 66.94, a PEG ratio of 0.70 and a beta of 1.28. The business’s fifty day moving average price is $948.90 and its 200 day moving average price is $566.72. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.94 by $0.65. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business earned $3.09 EPS. The firm’s revenue was up 103.0% compared to the same quarter last year. On average, equities research analysts forecast that Super Micro Computer, Inc. will post 20.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $476.10, for a total value of $458,008.20. Following the completion of the sale, the director now directly owns 2,714 shares of the company’s stock, valued at approximately $1,292,135.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders sold a total of 34,989 shares of company stock valued at $30,113,681 over the last three months. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its stake in shares of Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after purchasing an additional 1,319,768 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $140,751,000. Norges Bank purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $95,211,000. FMR LLC grew its holdings in shares of Super Micro Computer by 161.2% in the 3rd quarter. FMR LLC now owns 479,338 shares of the company’s stock worth $131,444,000 after acquiring an additional 295,835 shares during the period. Finally, Wolf Hill Capital Management LP purchased a new position in Super Micro Computer in the 4th quarter valued at approximately $77,996,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.