Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares were up 7.9% during mid-day trading on Monday . The stock traded as high as $34.15 and last traded at $32.17. Approximately 29,240,477 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 73,226,929 shares. The stock had previously closed at $29.82.
Wall Street Analyst Weigh In
SMCI has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 target price on the stock. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and a consensus target price of $53.00.
Get Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Stock Down 1.6 %
The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $40.16 and a two-hundred day simple moving average of $36.88. The company has a market cap of $19.67 billion, a PE ratio of 16.64 and a beta of 1.22.
Insider Activity
In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last three months. Insiders own 17.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SMCI. Janus Henderson Group PLC increased its position in Super Micro Computer by 36.0% during the third quarter. Janus Henderson Group PLC now owns 6,560 shares of the company's stock worth $2,732,000 after purchasing an additional 1,736 shares during the last quarter. M&T Bank Corp grew its stake in shares of Super Micro Computer by 142.6% in the 3rd quarter. M&T Bank Corp now owns 2,681 shares of the company's stock valued at $1,117,000 after buying an additional 1,576 shares during the period. Geode Capital Management LLC increased its holdings in shares of Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock worth $529,753,000 after buying an additional 16,007 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after buying an additional 21,997 shares during the period. Finally, World Investment Advisors LLC raised its position in shares of Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock valued at $23,722,000 after buying an additional 56,541 shares during the period. Hedge funds and other 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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