Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating)’s share price gap before trading on Monday. The stock previously closed at $42.16, but opened at $44.10. Shares of Super Micro Computer last traded at $43.23, with a volume of 178 shares.
Wall Street Analysts weigh in
Several equities research analysts have recently commented on SMCI shares. StockNews.com began coverage on shares of Super Micro Computer in a report on Thursday, March 31. They set a “hold” rating on the stock. Loop Capital increased their price target on Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday, May 4th. Finally, Northland Securities upped their price target on Super Micro Computer from $70.00 to at $85.00 in a research note on Wednesday, May 4th.
Super Micro Computer Stock Performance
The fifty-day moving average price is $46.40 and the 200-day moving average price is $43.21. The stock has a market cap of $2.27 billion, a PE ratio of 12.76 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 1.79.
Super Micro Computer (NASDAQ:SMCI – Get Rating ) last released its earnings results on Tuesday, May 3. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate. which is $1.27 of $0.18. Super Micro Computer has a net margin of 3.96% and a return on equity of 15.92%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 51.3% on a year-over-year basis. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 4.04 EPS for the current fiscal year.
Super Micro Computer Insider Transactions
In related news, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction on Friday, May 13. The stock sold at an average price of $51.95, for a total transaction of $519,500.00. Following the completion of the sale, the director now owns 24,889 shares in the company, valued at $1,292,983.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 14.50% of the company’s stock.
Institutional Sales of Super Micro Computers
Many large investors have recently increased or decreased their stakes in the business. Raised by Hennion & Walsh Asset Management Inc. its position in Super Micro Computer by 5.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 9,600 shares of the company’s stock valued at $387,000 after acquiring an additional 522 shares during the period. Range Financial Group LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter worth $444,000. Point72 Hong Kong Ltd bought a new position in Super Micro Computer in the 1st quarter worth $1,719,000. Royal Bank of Canada raised its position in Super Micro Computer by 27.4% in the first quarter. Royal Bank of Canada now owns 190,086 shares of the company’s stock worth $7,236,000 after buying an additional 40,849 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Super Micro Computer during the first quarter worth about $917,000. 69.00% of the stock is currently owned by institutional investors.
About the 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. Its solutions range from complete servers, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.
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