Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1.1%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 1.1% during trading on Wednesday . The stock traded as high as $806.99 and last traded at $769.91. 3,047,522 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 9,806,004 shares. The stock had previously closed at $761.86.

Analyst Ratings Changes

SMCI has been the topic of several analyst reports. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 price target on the stock. Bank of America increased their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Wedbush boosted their price target on shares of Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday. Finally, Barclays boosted their target price on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Two research 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. According to MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $970.62.

Super Micro Computer Price Performance

The stock has a market capitalization of $40.72 billion, a PE ratio of 55.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. The business’s 50-day moving average price is $952.07 and its 200 day moving average price is $576.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The company’s quarterly revenue was up 103.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.09 EPS. Research analysts forecast that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,027 shares of company stock worth $29,655,672. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Super Micro Computer in the third quarter valued at approximately $140,751,000. Norges Bank purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $95,211,000. FMR LLC boosted its stake in shares of Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the period. Finally, Wolf Hill Capital Management LP bought a new position in shares of Super Micro Computer in the fourth quarter worth approximately $77,996,000. Institutional investors 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.