Super Micro Computer (NASDAQ:SMCI) Shares Down 2.6%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 2.6% on Friday . The stock traded as low as $866.01 and last traded at $866.86. 2,112,311 shares were traded during trading, a decline of 75% from the average session volume of 8,537,216 shares. The stock had previously closed at $890.36.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Northland Securities lifted their target price on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 1st. Loop Capital increased their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Trading Down 8.0 %

The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average is $832.95 and its two-hundred day moving average is $745.76. The firm has a market cap of $45.83 billion, a P/E ratio of 45.93, a P/E/G ratio of 0.81 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, analysts expect that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of Super Micro Computer stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Insiders have sold 1,325 shares of company stock valued at $1,116,736 over the last three months. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in shares of Super Micro Computer by 41.2% during the third quarter. Envestnet Asset Management Inc. now owns 22,229 shares of the company’s stock valued at $6,096,000 after purchasing an additional 6,484 shares during the period. LPL Financial LLC increased its stake in Super Micro Computer by 8.6% during the 3rd quarter. LPL Financial LLC now owns 30,890 shares of the company’s stock valued at $8,471,000 after buying an additional 2,448 shares during the period. Stifel Financial Corp increased its stake in Super Micro Computer by 43.4% during the 3rd quarter. Stifel Financial Corp now owns 16,649 shares of the company’s stock valued at $4,566,000 after buying an additional 5,039 shares during the period. Natixis Advisors L.P. raised its position in shares of Super Micro Computer by 31.4% during the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after buying an additional 4,118 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Super Micro Computer by 261.6% in the 3rd quarter. Treasurer of the State of North Carolina now owns 11,570 shares of the company’s stock worth $3,173,000 after acquiring an additional 8,370 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

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.