Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 6.8% during trading on Friday . The company traded as high as $41.93 and last traded at $41.73. 21,777,965 shares traded hands during trading, a decline of 72% from the average session volume of 77,281,789 shares. The stock had previously closed at $39.08.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Rosenblatt Securities assumed coverage on Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a research note on Wednesday, February 12th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on Super Micro Computer from $32.00 to $36.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $52.57.
View Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Stock Performance
The firm has a market capitalization of $25.03 billion, a P/E ratio of 21.17 and a beta of 1.21. The stock has a fifty day simple moving average of $38.01 and a two-hundred day simple moving average of $38.09. 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 business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Super Micro Computer
Institutional investors have recently bought and sold shares of the stock. Archer Investment Corp grew its holdings in Super Micro Computer by 364.2% during the third quarter. Archer Investment Corp now owns 571 shares of the company's stock worth $238,000 after buying an additional 448 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Super Micro Computer during the third quarter worth $270,000. Mizuho Markets Cayman LP bought a new stake in Super Micro Computer during the third quarter worth $300,000. Accent Capital Management LLC bought a new stake in Super Micro Computer during the third quarter worth $363,000. Finally, Benjamin Edwards Inc. bought a new stake in Super Micro Computer during the third quarter worth $383,000. 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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