Super Micro Computer (NASDAQ:SMCI) Trading Down 6.3%

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) shares dropped 6.3% during mid-day trading on Friday . The stock traded as low as $760.01 and last traded at $775.85. Approximately 3,502,558 shares changed hands during trading, a decline of 61% from the average daily volume of 8,896,591 shares. The stock had previously closed at $827.94.

Analyst Ratings Changes

A number of brokerages have recently commented on SMCI. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Wedbush raised their target price on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Bank of America lifted their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $954.38.

Check Out Our Latest Analysis on SMCI

Super Micro Computer Stock Down 5.2 %

The firm has a market cap of $43.88 billion, a P/E ratio of 43.97, a PEG ratio of 0.75 and a beta of 1.34. The firm’s 50-day moving average price is $881.35 and its 200 day moving average price is $667.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $5.42 by $1.14. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. On average, equities research analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMCI. Private Advisor Group LLC bought a new position in shares of Super Micro Computer during the third quarter worth about $297,000. Victory Capital Management Inc. increased its stake in shares of Super Micro Computer by 506.0% in the third quarter. Victory Capital Management Inc. now owns 66,846 shares of the company’s stock valued at $18,331,000 after purchasing an additional 55,816 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Super Micro Computer during the third quarter valued at approximately $530,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Super Micro Computer during the third quarter worth approximately $5,241,000. Finally, Metis Global Partners LLC bought a new position in Super Micro Computer in the 3rd quarter worth approximately $209,000. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Company Profile

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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.

Further Reading

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