Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares rose 3.9% on Tuesday . The stock traded as high as $35.62 and last traded at $35.59. Approximately 14,159,958 shares traded hands during trading, a decline of 81% from the average daily volume of 73,211,311 shares. The stock had previously closed at $34.24.
Analysts Set New Price Targets
Several research firms recently issued reports on SMCI. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their price target for the company from $35.00 to $45.00 in a report on Friday, March 21st. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $53.00.
Read Our Latest Research Report on Super Micro Computer
Super Micro Computer Stock Performance
The business has a 50-day simple moving average of $39.48 and a 200 day simple moving average of $37.51. 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 firm has a market cap of $19.18 billion, a PE ratio of 16.22 and a beta of 1.21.
Insider Buying and Selling
In related news, SVP George Kao sold 71,720 shares of the company's stock in a transaction on 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 completion of the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Super Micro Computer
A number of hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama boosted its stake in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after purchasing an additional 258 shares during the period. Wahed Invest LLC lifted its holdings in shares of Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock worth $377,000 after buying an additional 352 shares in the last quarter. Shelton Capital Management boosted its position in shares of Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after acquiring an additional 480 shares during the last quarter. Cerity Partners LLC grew its stake in Super Micro Computer by 22.5% during the third quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock valued at $1,127,000 after acquiring an additional 497 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in Super Micro Computer by 66.5% in the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock valued at $544,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 84.06% of the company's stock.
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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