Super Micro Computer (NASDAQ:SMCI) Shares Down 9.5%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price traded down 9.5% during mid-day trading on Friday . The company traded as low as $582.46 and last traded at $608.47. 4,111,908 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 8,170,589 shares. The stock had previously closed at $672.24.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMCI. KeyCorp began coverage on Super Micro Computer in a research note on Wednesday, April 24th. They set a "sector weight" rating on the stock. Nomura Securities downgraded Super Micro Computer from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. Loop Capital upped their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. The Goldman Sachs Group decreased their price objective on Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a report on Wednesday, May 1st. Finally, Nomura lowered Super Micro Computer from a "buy" rating to a "neutral" rating and set a $930.00 price objective for the company. in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $999.92.

Super Micro Computer Stock Performance

The firm has a market cap of $34.94 billion, a PE ratio of 35.01, a PEG ratio of 0.44 and a beta of 1.27. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The firm's 50 day simple moving average is $816.67 and its 200 day simple moving average is $828.14.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, topping analysts' consensus estimates of $5.42 by $1.14. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. On average, research analysts forecast that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.

Insider Transactions at Super Micro Computer

In related news, Director Tally C. Liu sold 500 shares of the business's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business'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 directly owns 18,887 shares in the company, valued at approximately $15,147,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tally C. Liu sold 500 shares of the business's stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. Insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently added to or reduced their stakes in SMCI. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $33,000. Bank of New Hampshire purchased a new position in shares of Super Micro Computer in the 1st quarter valued at $35,000. VitalStone Financial LLC grew its position in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company's stock valued at $35,000 after buying an additional 25 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Super Micro Computer by 28.6% in the 4th quarter. Allworth Financial LP now owns 126 shares of the company's stock valued at $36,000 after buying an additional 28 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.