Super Micro Computer (NASDAQ:SMCI) Trading Down 0.4%

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) shares traded down 0.4% on Friday . The company traded as low as $758.47 and last traded at $775.04. 1,268,727 shares were traded during mid-day trading, a decline of 85% from the average session volume of 8,739,611 shares. The stock had previously closed at $777.92.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SMCI. JPMorgan Chase & Co. started coverage on Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 target price for the company. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Loop Capital raised their price objective 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. Finally, Bank of America upped their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $954.38.

Read Our Latest Analysis on SMCI

Super Micro Computer Trading Down 1.1 %

The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The business has a 50 day moving average of $856.96 and a 200 day moving average of $684.92. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

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

Insiders Place Their Bets

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The disclosure for this sale can be found here. In the last three months, insiders sold 1,325 shares of company stock valued at $1,116,736. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Optimum Investment Advisors purchased a new stake in shares of Super Micro Computer during the 4th quarter worth about $28,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $33,000. Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the 1st quarter valued at $35,000. Finally, VitalStone Financial LLC boosted its position in Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.

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