Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares shot up 3.1% on Wednesday . The stock traded as high as $40.19 and last traded at $39.08. 21,596,698 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 73,313,581 shares. The stock had previously closed at $37.90.
Wall Street Analyst Weigh In
Several research firms have weighed in on SMCI. The Goldman Sachs Group lifted their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 target price for the company. Finally, Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.29.
Get Our Latest Research Report on Super Micro Computer
Super Micro Computer Trading Up 7.8 %
The stock's 50 day simple moving average is $38.66 and its two-hundred day simple moving average is $37.88. The stock has a market capitalization of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.
Insider Activity
In other news, 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 in the last three months. Company insiders own 17.60% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Clear Creek Financial Management LLC bought a new position in Super Micro Computer in the 4th quarter worth approximately $635,000. Nepsis Inc. bought a new position in Super Micro Computer in the 4th quarter worth approximately $13,625,000. Sanctuary Advisors LLC boosted its holdings in Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock worth $12,756,000 after buying an additional 21,997 shares during the period. Fifth Third Bancorp boosted its holdings in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after buying an additional 11,488 shares during the period. Finally, Bridgewater Associates LP boosted its holdings in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after buying an additional 145,327 shares during the period. 84.06% of the stock is owned by institutional investors.
Super Micro Computer Company Profile
(
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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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