Super Micro Computer (NASDAQ:SMCI) Stock Price Up 7.5% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 7.5% during trading on Tuesday . The company traded as high as $40.00 and last traded at $39.68. 32,216,790 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 77,248,875 shares. The stock had previously closed at $36.90.

Analyst Upgrades and Downgrades

SMCI has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group raised their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.57.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 19.62 and a beta of 1.21. The stock’s fifty day moving average is $37.65 and its two-hundred day moving average is $38.18.

Insider Buying and Selling at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last three months. Corporate insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Super Micro Computer by 128.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,026 shares of the company’s stock worth $828,000 after acquiring an additional 1,138 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Super Micro Computer by 12.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 124,652 shares of the company’s stock worth $51,905,000 after purchasing an additional 13,936 shares during the period. Victory Capital Management Inc. increased its stake in Super Micro Computer by 128.2% during the third quarter. Victory Capital Management Inc. now owns 42,642 shares of the company’s stock valued at $17,756,000 after purchasing an additional 23,959 shares during the last quarter. RPG Investment Advisory LLC raised its holdings in shares of Super Micro Computer by 58.1% during the third quarter. RPG Investment Advisory LLC now owns 22,466 shares of the company’s stock worth $9,355,000 after purchasing an additional 8,260 shares during the period. Finally, Chase Investment Counsel Corp lifted its position in shares of Super Micro Computer by 231.7% in the 3rd quarter. Chase Investment Counsel Corp now owns 2,690 shares of the company’s stock worth $1,120,000 after buying an additional 1,879 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

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.