Super Micro Computer (NASDAQ:SMCI) Trading Down 0.3%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded down 0.3% on Wednesday . The company traded as low as $821.01 and last traded at $834.28. 1,250,740 shares traded hands during trading, a decline of 85% from the average session volume of 8,558,076 shares. The stock had previously closed at $837.17.

Analyst Ratings Changes

A number of research analysts recently issued reports on SMCI shares. KeyCorp began coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a “sector weight” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Stock Up 0.4 %

The firm’s 50 day simple moving average is $836.36 and its 200-day simple moving average is $756.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The company has a market cap of $47.03 billion, a price-to-earnings ratio of 46.76, a P/E/G ratio of 0.74 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, sell-side analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Super Micro Computer 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 value of $419,585.00. Following the transaction, 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 is accessible through this link. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s 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 completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders sold a total of 1,325 shares of company stock worth $1,116,736 in the last 90 days. 17.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New Hampshire acquired a new stake in Super Micro Computer in the first quarter valued at $35,000. VitalStone Financial LLC boosted its holdings in 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 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 during the period. Versant Capital Management Inc increased its holdings in Super Micro Computer by 42.9% in the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $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 1st quarter valued at approximately $51,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.