Super Micro Computer (NASDAQ:SMCI) Shares Up 3.1% – What’s Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) rose 3.1% during mid-day trading on Wednesday . The stock traded as high as $40.19 and last traded at $39.08. Approximately 21,596,698 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 73,313,581 shares. The stock had previously closed at $37.90.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SMCI. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a report on Thursday, March 6th. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Rosenblatt Securities started coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $52.57.

Super Micro Computer Price Performance

The business has a fifty day moving average of $38.19 and a 200-day moving average of $37.91. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market cap of $23.10 billion, a PE ratio of 19.48 and a beta of 1.21.

Insider Transactions at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of SMCI. California State Teachers Retirement System increased its position in shares of Super Micro Computer by 916.9% in the fourth quarter. California State Teachers Retirement System now owns 872,355 shares of the company’s stock worth $26,589,000 after purchasing an additional 786,568 shares during the last quarter. 111 Capital bought a new position in shares of Super Micro Computer in the 4th quarter worth $338,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Super Micro Computer by 515.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,535 shares of the company’s stock valued at $656,000 after buying an additional 18,038 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Super Micro Computer during the 4th quarter worth $206,000. Finally, Castle Rock Wealth Management LLC purchased a new position in Super Micro Computer in the fourth quarter worth $207,000. Hedge funds and other institutional investors 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.