Super Micro Computer (NASDAQ:SMCI) Trading Up 3.9% – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price rose 3.9% during trading on Monday . The company traded as high as $35.12 and last traded at $34.45. Approximately 13,862,873 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 73,451,939 shares. The stock had previously closed at $33.15.

Analysts Set New Price Targets

SMCI has been the subject of several research analyst reports. Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upgraded shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their target price for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Performance

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 16.81 and a beta of 1.22. The stock has a fifty day moving average price of $40.18 and a 200-day moving average price of $36.70.

Insiders Place Their Bets

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last three months. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently made changes to their positions in the business. Retirement Systems of Alabama lifted its position in Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares in the last quarter. Wahed Invest LLC grew its stake in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Shelton Capital Management increased its holdings in shares of Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company’s stock valued at $240,000 after purchasing an additional 480 shares in the last quarter. AlphaQuest LLC raised its position in Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company’s stock worth $33,000 after purchasing an additional 762 shares during the last quarter. Finally, Griffith & Werner Inc. lifted its holdings in Super Micro Computer by 3.6% during the 1st quarter. Griffith & Werner Inc. now owns 23,786 shares of the company’s stock worth $814,000 after buying an additional 820 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.