Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $33.48, but opened at $31.86. Super Micro Computer shares last traded at $33.58, with a volume of 7,530,820 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Wedbush restated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.57.
Read Our Latest Research Report on SMCI
Super Micro Computer Stock Performance
The stock has a 50 day moving average price of $39.73 and a two-hundred day moving average price of $36.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 15.81 and a beta of 1.22.
Insider Buying and Selling
In other news, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 in the last quarter. Insiders own 17.60% of the company's stock.
Institutional Investors Weigh In On Super Micro Computer
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Vanguard Group Inc. increased its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC raised its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC bought a new position in shares of Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. increased its position in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after buying an additional 4,605,260 shares in the last quarter. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Company Profile
(
Get Free Report)
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.
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