Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 1.6% during trading on Tuesday . The stock traded as high as $34.59 and last traded at $33.65. 11,770,069 shares were traded during mid-day trading, a decline of 84% from the average session volume of 73,282,615 shares. The stock had previously closed at $33.12.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SMCI. Wedbush reissued a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Barclays initiated coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price on the stock. Finally, The Goldman Sachs Group cut Super Micro Computer from a "neutral" rating to a "sell" rating and cut their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of "Hold" and a consensus price target of $52.57.
View Our Latest Analysis on SMCI
Super Micro Computer Trading Down 1.2 %
The firm has a market cap of $18.69 billion, a P/E ratio of 15.81 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company's fifty day moving average price is $39.73 and its two-hundred day moving average price is $36.57.
Insiders Place Their Bets
In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated 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. Over the last ninety days, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is currently owned by insiders.
Institutional Trading of Super Micro Computer
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% in the fourth 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 last quarter. Parkside Financial Bank & Trust increased its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC raised its holdings 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 purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 84.06% of the company's stock.
About Super Micro Computer
(
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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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