Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $31.71 and last traded at $32.93. 13,440,263 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 73,233,365 shares. The stock had previously closed at $33.48.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Northland Securities set a $70.00 price objective on Super Micro Computer in a research note on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $52.57.
Get Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Trading Down 1.2 %
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 business has a fifty day moving average of $39.73 and a 200-day moving average of $36.57. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 15.81 and a beta of 1.22.
Insider Transactions at Super Micro Computer
In other news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction 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 directly owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last quarter. Insiders own 17.60% of the company's stock.
Hedge Funds Weigh In On Super Micro Computer
Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont boosted 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 worth $30,000 after acquiring an additional 900 shares during the period. Parkside Financial Bank & Trust grew its stake in Super Micro Computer by 2,890.9% during the 4th 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 valued at $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $31,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
About Super Micro Computer
(
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.
Further Reading
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
