Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.4%

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 1.4% during trading on Wednesday . The company traded as low as $962.00 and last traded at $963.00. Approximately 3,445,492 shares changed hands during trading, a decline of 65% from the average daily volume of 9,846,510 shares. The stock had previously closed at $976.30.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of research analyst reports. Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a report on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price for the company. Wedbush raised their price objective on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Argus assumed coverage on shares of Super Micro Computer in a research note on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price objective for the company. Finally, Bank of America raised their price objective on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. One equities research analyst has 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $949.85.

Super Micro Computer Trading Down 3.3 %

The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The company has a market cap of $51.93 billion, a PE ratio of 72.48, a P/E/G ratio of 0.85 and a beta of 1.28. The business’s 50-day simple moving average is $956.91 and its 200-day simple moving average is $544.90.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 EPS for the quarter, topping the consensus estimate of $4.94 by $0.65. The firm had revenue of $3.66 billion for 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 business’s quarterly revenue was up 103.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.09 EPS. As a group, analysts expect that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Super Micro Computer by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock valued at $1,401,136,000 after acquiring an additional 194,700 shares in the last quarter. BlackRock Inc. boosted its position in shares of Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after acquiring an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Super Micro Computer by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after acquiring an additional 171,335 shares in the last quarter. State Street Corp boosted its position in shares of Super Micro Computer by 3.6% during the 1st quarter. State Street Corp now owns 1,532,138 shares of the company’s stock valued at $163,249,000 after acquiring an additional 53,564 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after acquiring an additional 1,319,768 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.