Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.6%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was up 2.6% during mid-day trading on Friday . The stock traded as high as $801.59 and last traded at $782.15. Approximately 2,893,633 shares were traded during trading, a decline of 70% from the average daily volume of 9,613,306 shares. The stock had previously closed at $762.52.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent analyst reports. Northland Securities raised 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 research note on Monday, March 25th. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays increased their price target on Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. KeyCorp started coverage on Super Micro Computer in a research report on Wednesday, April 24th. They issued a “sector weight” rating on the stock. Finally, Wedbush lifted their target price on Super Micro Computer from $530.00 to $800.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $954.38.

Super Micro Computer Stock Performance

The stock has a market capitalization of $43.78 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 0.66 and a beta of 1.34. The business’s fifty day moving average is $946.34 and its two-hundred day moving average is $582.60. The company has a quick ratio of 1.19, a current ratio of 4.69 and a debt-to-equity ratio of 0.35.

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 stock was sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the transaction, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer 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 completion of the transaction, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction 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 owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,252 shares of company stock worth $29,950,223. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently bought and sold shares of SMCI. Caisse DE Depot ET Placement DU Quebec purchased a new position in Super Micro Computer in the 3rd quarter worth about $55,943,000. Natixis Advisors L.P. lifted its holdings in shares of Super Micro Computer by 31.4% in 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 during the period. Shilanski & Associates Inc. grew its position in shares of Super Micro Computer by 2.7% during the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock worth $1,451,000 after buying an additional 134 shares in the last quarter. Geneos Wealth Management Inc. increased its stake 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 valued at $1,344,000 after buying an additional 2,870 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors 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.