Super Micro Computer (NASDAQ:SMCI) Trading Down 2.3%

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 2.3% during mid-day trading on Monday . The stock traded as low as $695.61 and last traded at $695.80. 1,561,673 shares were traded during mid-day trading, a decline of 81% from the average session volume of 8,247,290 shares. The stock had previously closed at $712.19.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price on the stock. in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $999.92.

Super Micro Computer Trading Down 4.5 %

The firm has a market capitalization of $37.27 billion, a PE ratio of 37.35, a PEG ratio of 0.44 and a beta of 1.27. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $828.79 and its 200 day simple moving average is $828.12.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, April 30th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $1.14. Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 21.11 earnings per share for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now directly 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 accessible through the SEC website. In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the transaction, the director now owns 18,887 shares of the company’s stock, valued at approximately $15,147,374. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its position 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 worth $104,000 after acquiring an additional 13 shares during the last quarter. Invst LLC boosted its position in shares of Super Micro Computer by 4.3% during the first quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after acquiring an additional 14 shares during the last quarter. Byrne Asset Management LLC boosted its position in shares of Super Micro Computer by 10.4% during the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after acquiring an additional 14 shares during the last quarter. Versant Capital Management Inc boosted its position 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 worth $51,000 after acquiring an additional 15 shares during the last quarter. Finally, TFC Financial Management Inc. boosted its position 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 worth $81,000 after acquiring an additional 15 shares during the last quarter. 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.