Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was down 1.4% during mid-day trading on Thursday . The company traded as low as $39.54 and last traded at $39.53. Approximately 14,722,727 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 73,111,528 shares. The stock had previously closed at $40.10.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on SMCI shares. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Barclays began coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and a consensus target price of $53.29.
View Our Latest Stock Report on SMCI
Super Micro Computer Stock Up 7.8 %
The firm has a market capitalization of $25.02 billion, a P/E ratio of 21.16 and a beta of 1.21. The stock has a fifty day moving average price of $38.66 and a two-hundred day moving average price of $37.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.
Insider Activity
In related news, Director Robert L. Blair sold 19,460 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. Company insiders own 17.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of SMCI. California State Teachers Retirement System boosted its holdings in shares of Super Micro Computer by 916.9% in the fourth quarter. California State Teachers Retirement System now owns 872,355 shares of the company's stock valued at $26,589,000 after acquiring an additional 786,568 shares in the last quarter. 111 Capital acquired a new stake in Super Micro Computer in the 4th quarter valued at about $338,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Super Micro Computer by 515.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,535 shares of the company's stock valued at $656,000 after purchasing an additional 18,038 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of Super Micro Computer during the 4th quarter valued at about $206,000. Finally, Castle Rock Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 4th quarter worth approximately $207,000. Institutional investors own 84.06% of the company's stock.
Super Micro Computer Company Profile
(
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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