Super Micro Computer (NASDAQ:SMCI) Trading Up 6.8% – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 6.8% during mid-day trading on Friday . The company traded as high as $41.93 and last traded at $41.73. Approximately 21,777,965 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 77,281,789 shares. The stock had previously closed at $39.08.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SMCI shares. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target on the stock. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. 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 company. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market cap of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21. The firm’s 50 day moving average is $38.01 and its 200 day moving average is $38.09.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new position in Super Micro Computer during the 4th quarter valued at approximately $206,000. Castle Rock Wealth Management LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $207,000. Park Square Financial Group LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $475,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $8,785,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $33,000. 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.