Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price was up 4.7% during trading on Friday . The company traded as high as $40.85 and last traded at $40.93. Approximately 20,496,751 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 73,007,879 shares. The stock had previously closed at $39.10.
Analyst Ratings Changes
A number of brokerages recently weighed in on SMCI. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $35.00 to $45.00 in a research note on Friday. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $40.00 to $32.00 in a research note on Monday. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 target price for the company. Finally, StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $53.00.
Check Out Our Latest Research Report on Super Micro Computer
Super Micro Computer Stock Performance
The firm has a fifty day moving average of $38.66 and a 200-day moving average of $37.84. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 20.88 and a beta of 1.21.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the company's 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.
Hedge Funds Weigh In On Super Micro Computer
A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in Super Micro Computer by 461.9% during the 4th quarter. Wellington Management Group LLP now owns 37,133 shares of the company's stock worth $1,132,000 after purchasing an additional 30,525 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Super Micro Computer by 916.9% during the 4th quarter. California State Teachers Retirement System now owns 872,355 shares of the company's stock worth $26,589,000 after purchasing an additional 786,568 shares during the last quarter. 111 Capital acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $338,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Super Micro Computer by 515.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,535 shares of the company's stock worth $656,000 after buying an additional 18,038 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $206,000. 84.06% of the stock is owned by institutional investors and hedge funds.
About Super Micro Computer
(
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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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