Super Micro Computer, Inc. (NASDAQ:SMCI) Sees Significant Growth in Short Interest

Super Micro Computer, Inc. (NASDAQ:SMCI) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 5,410,000 shares, an increase of 27.6% from the July 15th total of 4,240,000 shares. Based on an average trading volume of 6,590,000 shares, the days-to-cover ratio is currently 0.8 days.

Insider Transactions at Super Micro Computer

In related news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was 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 approximately $23,339,835.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the sale, the director now directly owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the transaction, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GQG Partners LLC acquired a new position in Super Micro Computer during the 1st quarter worth $1,325,466,000. Vanguard Group Inc. increased its position in Super Micro Computer by 25.7% in 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. Norges Bank acquired a new stake in Super Micro Computer in the fourth quarter worth about $95,211,000. Wolf Hill Capital Management LP bought a new stake in Super Micro Computer during the 4th quarter worth about $77,996,000. Finally, American Century Companies Inc. lifted its position in Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after purchasing an additional 110,308 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $2.11 during mid-day trading on Friday, hitting $628.80. 8,061,238 shares of the stock were exchanged, compared to its average volume of 7,347,915. The company has a market cap of $35.17 billion, a P/E ratio of 35.25, a PEG ratio of 0.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a twelve month low of $226.59 and a twelve month high of $1,229.00. The stock’s fifty day simple moving average is $768.19 and its two-hundred day simple moving average is $838.49.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.63 by ($1.38). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.43 EPS. As a group, analysts forecast that Super Micro Computer will post 28.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. The Goldman Sachs Group cut their price target on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a report on Wednesday, July 10th. Susquehanna raised their target price on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research report on Monday, July 15th. Finally, Wedbush reiterated a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $911.85.

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.