Super Micro Computer (NASDAQ:SMCI) Trading 1% Higher - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price rose 1% during trading on Monday . The company traded as high as $37.82 and last traded at $36.83. Approximately 18,447,893 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 72,062,564 shares. The stock had previously closed at $36.47.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SMCI. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note 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 for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. Finally, Citigroup initiated coverage on Super Micro Computer in a research note on Friday. They set a "neutral" rating and a $39.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and a consensus price target of $51.67.

Super Micro Computer Stock Up 0.2 %

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 stock has a market capitalization of $21.69 billion, a PE ratio of 18.31 and a beta of 1.22. The company has a 50 day moving average price of $38.37 and a 200-day moving average price of $36.06.

Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The shares were 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 valued at $6,771,552 over the last three months. Corporate insiders own 17.60% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont grew its position in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% during 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 increased its holdings in shares of Super Micro Computer by 902.0% in 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 in the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $31,000. Institutional investors own 84.06% of the company's stock.

About Super Micro Computer

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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