Super Micro Computer (NASDAQ:SMCI) Shares Down 0.9%

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report)’s share price was down 0.9% on Friday . The stock traded as low as $833.11 and last traded at $839.13. Approximately 1,941,232 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 8,521,593 shares. The stock had previously closed at $847.00.

Analyst Ratings Changes

Several analysts have weighed in on SMCI shares. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price on the stock. Wedbush upped their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. KeyCorp began coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Finally, The Goldman Sachs Group reduced their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $954.38.

Read Our Latest Stock Report on SMCI

Super Micro Computer Stock Down 0.0 %

The stock has a fifty day moving average price of $839.18 and a 200-day moving average price of $764.53. The firm has a market cap of $47.35 billion, a PE ratio of 47.45, a PEG ratio of 0.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

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

Insider Activity at Super Micro Computer

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

Institutional Trading of Super Micro Computer

Hedge funds have recently made changes to their positions in the company. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer during the first quarter worth approximately $35,000. VitalStone Financial LLC grew 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 buying an additional 25 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Super Micro Computer by 186.7% during the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after buying an additional 28 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares in the last quarter. Finally, Silicon Valley Capital Partners acquired a new stake in shares of Super Micro Computer during the first quarter worth approximately $51,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.