Super Micro Computer (NASDAQ:SMCI) Shares Down 0.9%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 0.9% on Tuesday . The stock traded as low as $806.26 and last traded at $822.69. Approximately 1,903,092 shares changed hands during trading, a decline of 80% from the average daily volume of 9,505,481 shares. The stock had previously closed at $830.35.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Argus assumed coverage on shares of Super Micro Computer in a report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective on the stock. Northland Securities boosted their target price on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, Susquehanna upped their price objective on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Moderate Buy” and a consensus target price of $954.38.

Super Micro Computer Trading Down 1.7 %

The business has a fifty day moving average price of $946.34 and a 200 day moving average price of $586.69. 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 firm has a market capitalization of $45.64 billion, a price-to-earnings ratio of 46.11, a P/E/G ratio of 0.71 and a beta of 1.34.

Insider Activity

In related news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. In the last three months, insiders sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Caisse DE Depot ET Placement DU Quebec bought a new stake in Super Micro Computer during the 3rd quarter worth about $55,943,000. Natixis Advisors L.P. boosted its position in Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after buying an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. increased its stake in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after buying an additional 134 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Super Micro Computer by 154.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company’s stock worth $1,344,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Super Micro Computer by 26.5% in the third quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock valued at $14,858,000 after acquiring an additional 11,342 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.