Super Micro Computer (NASDAQ:SMCI) Trading 8.2% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 8.2% during mid-day trading on Monday . The stock traded as high as $563.38 and last traded at $550.64. 4,130,027 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 8,256,101 shares. The stock had previously closed at $508.76.

Analysts Set New Price Targets

A number of research analysts recently commented on SMCI shares. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $890.00 to $650.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Loop Capital lifted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Wedbush reissued a “neutral” rating and issued a $800.00 price objective on shares of Super Micro Computer in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $911.85.

Super Micro Computer Price Performance

The stock has a market capitalization of $30.20 billion, a PE ratio of 30.87, a P/E/G ratio of 0.40 and a beta of 1.27. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $787.20 and its 200 day moving average is $839.76.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a net margin of 8.09% and a return on equity of 35.06%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the prior year, the firm earned $3.43 earnings per share. The company’s revenue was up 142.9% on a year-over-year basis. As a group, equities analysts predict that Super Micro Computer, Inc. will post 29.32 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SMCI. Vanguard Group Inc. boosted its position in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. GQG Partners LLC bought a new stake in shares of Super Micro Computer during the 1st quarter worth $1,325,466,000. Dimensional Fund Advisors LP grew its stake in Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after buying an additional 2,011 shares during the last quarter. Norges Bank bought a new position in Super Micro Computer in the 4th quarter worth $95,211,000. Finally, Principal Financial Group Inc. lifted its position in Super Micro Computer by 4.8% during the 4th quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock worth $92,771,000 after acquiring an additional 14,959 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.