Super Micro Computer (NASDAQ:SMCI) Shares Down 1.4%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 1.4% during trading on Monday . The company traded as low as $671.00 and last traded at $703.79. Approximately 4,862,999 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 9,856,420 shares. The stock had previously closed at $713.65.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush upped their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Loop Capital upped their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Rosenblatt Securities boosted their price target on Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. The Goldman Sachs Group initiated coverage on Super Micro Computer in a report on Monday, March 4th. They set a “neutral” rating and a $941.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $949.85.

Super Micro Computer Stock Up 6.3 %

The business’s fifty day simple moving average is $954.67 and its two-hundred day simple moving average is $558.04. The company has a market cap of $42.61 billion, a PE ratio of 59.47, a PEG ratio of 0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

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

Insider Transactions at Super Micro Computer

In related 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now 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 accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 over the last ninety days. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently bought and sold shares of the company. Hennessy Advisors Inc. increased its holdings in shares of Super Micro Computer by 28.1% during the 3rd quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock worth $76,864,000 after buying an additional 61,500 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Super Micro Computer in the third quarter valued at $55,943,000. Natixis Advisors L.P. raised its position in Super Micro Computer by 31.4% in the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after purchasing an additional 4,118 shares during the period. Shilanski & Associates Inc. lifted its stake in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Super Micro Computer by 154.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after purchasing an additional 2,870 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.