Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $666.31, but opened at $710.00. Super Micro Computer shares last traded at $712.58, with a volume of 1,061,467 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on SMCI. Loop Capital upped their price target on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday, April 24th. They set a “sector weight” rating on the stock. Susquehanna boosted their price objective on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research report on Monday, July 15th. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, May 1st. Finally, Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $999.92.
Super Micro Computer Stock Up 5.3 %
The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The stock’s 50-day moving average price is $828.79 and its two-hundred day moving average price is $828.12. The stock has a market capitalization of $39.24 billion, a PE ratio of 39.04, a P/E/G ratio of 0.44 and a beta of 1.27.
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.42 by $1.14. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.96 billion. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. As a group, analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current fiscal year.
Insider Buying and Selling at Super Micro Computer
In related 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 transaction of $240,600.00. Following the completion of the sale, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the transaction, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Super Micro Computer
A number of large investors have recently added to or reduced their stakes in SMCI. Vanguard Group Inc. boosted its stake in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Super Micro Computer by 56,764.2% in the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the period. GQG Partners LLC purchased a new position in shares of Super Micro Computer in the first quarter worth approximately $1,325,466,000. Norges Bank purchased a new position in shares of Super Micro Computer during the 4th quarter worth $95,211,000. Finally, Principal Financial Group Inc. grew its holdings in Super Micro Computer by 4.8% during the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after purchasing an additional 14,959 shares during the period. Institutional investors own 84.06% of the company’s stock.
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.