Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price fell 1.6% on Thursday . The stock traded as low as $35.57 and last traded at $36.43. 17,506,224 shares traded hands during trading, a decline of 76% from the average session volume of 72,958,005 shares. The stock had previously closed at $37.04.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on SMCI. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $45.00 in a research report on Friday, March 21st. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. Finally, Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $53.00.
Get Our Latest Analysis on Super Micro Computer
Super Micro Computer Stock Down 1.3 %
The business has a 50 day simple moving average of $39.33 and a 200 day simple moving average of $37.75. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 17.20 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 at Super Micro Computer
In other Super Micro Computer 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 completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer in the 4th quarter valued at about $30,000. Trust Co. of Vermont increased its stake in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares during the period. Parkside Financial Bank & Trust raised its holdings 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 valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after acquiring 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 worth approximately $31,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
About Super Micro Computer
(
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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