Super Micro Computer (NASDAQ:SMCI) Shares Up 0.2% - Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price traded up 0.2% during trading on Friday . The company traded as high as $36.09 and last traded at $34.80. 19,232,344 shares traded hands during trading, a decline of 74% from the average session volume of 72,952,598 shares. The stock had previously closed at $34.72.

Analyst Ratings Changes

A number of analysts have recently commented on SMCI shares. The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Finally, Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $53.00.

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Super Micro Computer Stock Down 1.3 %

The stock's fifty day simple moving average is $39.33 and its 200-day simple moving average is $37.75. The stock has a market cap of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last three months. Corporate insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMCI. Benjamin Edwards Inc. bought a new position in Super Micro Computer in the third quarter valued at about $383,000. Parkside Financial Bank & Trust raised its holdings in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the period. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the 4th quarter worth approximately $30,000. Finally, Trust Co. of Vermont increased its position in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.