Super Micro Computer (NASDAQ:SMCI) Shares Up 2.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares shot up 2.5% during trading on Wednesday . The company traded as high as $841.66 and last traded at $839.53. 1,584,992 shares traded hands during trading, a decline of 83% from the average session volume of 9,438,600 shares. The stock had previously closed at $819.29.

Wall Street Analyst Weigh In

Several brokerages recently commented on SMCI. Wells Fargo & Company dropped their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 1st. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday. Susquehanna lifted their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Barclays increased their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Wedbush boosted their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $954.38.

Super Micro Computer Trading Up 2.5 %

The firm has a market cap of $45.84 billion, a P/E ratio of 44.83, a P/E/G ratio of 0.71 and a beta of 1.34. The firm has a fifty day moving average of $943.58 and a 200-day moving average of $597.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69.

Insider Activity

In related news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer stock in a transaction dated Wednesday, February 14th. The shares were 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 directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,252 shares of company stock valued at $29,950,223. 17.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in Super Micro Computer by 56,764.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after buying an additional 1,319,768 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Super Micro Computer in the 3rd quarter worth approximately $140,751,000. Norges Bank bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $95,211,000. FMR LLC lifted its stake in Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company’s stock valued at $131,444,000 after purchasing an additional 295,835 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in Super Micro Computer during the fourth quarter worth approximately $77,996,000. 84.06% of the stock is owned by institutional investors.

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.