Super Micro Computer (NASDAQ:SMCI) Shares Up 3.8% - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was up 3.8% during mid-day trading on Tuesday . The stock traded as high as $35.49 and last traded at $34.24. Approximately 26,216,328 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 73,201,200 shares. The stock had previously closed at $33.00.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of analyst reports. Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price target for the company. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. The Goldman Sachs Group cut 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 research report on Monday, March 24th. Wedbush restated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $35.00 to $45.00 in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $53.00.

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Super Micro Computer Trading Down 1.6 %

The business has a 50 day moving average of $40.16 and a 200 day moving average of $36.88. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 16.64 and a beta of 1.22. 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 Transactions at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.

Institutional Trading of Super Micro Computer

Hedge funds have recently bought and sold shares of the stock. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the 4th quarter valued at approximately $30,000. Trust Co. of Vermont raised its holdings in shares of Super Micro Computer by 900.0% in the fourth 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 lifted its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the fourth quarter valued at $31,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Company Profile

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.