Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.5%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price fell 0.5% on Wednesday . The company traded as low as $546.35 and last traded at $564.50. 2,885,927 shares were traded during mid-day trading, a decline of 65% from the average session volume of 8,253,119 shares. The stock had previously closed at $567.43.

Analyst Ratings Changes

A number of analysts have recently issued reports on SMCI shares. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Wedbush reiterated a “neutral” rating and set a $800.00 target price on shares of Super Micro Computer in a research note on Friday, August 2nd. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, Susquehanna upped their price objective on Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $911.85.

Super Micro Computer Stock Performance

The company has a market cap of $32.10 billion, a P/E ratio of 31.64, a PEG ratio of 0.56 and a beta of 1.27. The business’s 50 day simple moving average is $778.52 and its 200 day simple moving average is $840.88. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing the consensus estimate of $7.63 by ($1.38). The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s quarterly revenue was up 142.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.43 EPS. Sell-side analysts predict that Super Micro Computer, Inc. will post 29.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now owns 18,887 shares in the company, valued at $15,147,374. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the sale, the director now owns 27,813 shares in the company, valued at $23,339,835.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

Large investors have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC bought a new position in Super Micro Computer during the second quarter valued at $25,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer during the fourth quarter valued at $30,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer in the fourth quarter valued at $33,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during 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.