Super Micro Computer (NASDAQ:SMCI) Trading Up 3%

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 3% during mid-day trading on Monday . The company traded as high as $814.89 and last traded at $805.99. Approximately 2,030,642 shares traded hands during trading, a decline of 79% from the average daily volume of 9,555,468 shares. The stock had previously closed at $782.70.

Analyst Ratings Changes

Several brokerages have commented on SMCI. KeyCorp began coverage on shares of Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Northland Securities lifted their price target 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. Wedbush increased their price objective on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Wells Fargo & Company lowered their target price on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $954.38.

Super Micro Computer Stock Up 0.4 %

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 firm has a market cap of $46.01 billion, a P/E ratio of 46.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The stock’s fifty day moving average is $944.79 and its two-hundred day moving average is $594.69.

Insider Buying and Selling

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s 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 of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,252 shares of company stock worth $29,950,223. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC raised its stake in shares of Super Micro Computer by 14.4% during the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the period. TFC Financial Management Inc. raised its holdings in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after acquiring an additional 15 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Super Micro Computer by 1.3% in the first quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after acquiring an additional 16 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Super Micro Computer by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after acquiring an additional 18 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

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.