Shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating ) reached a new 52-week high on Thursday. The company traded as high as $59.17 and last traded at $57.20, with a volume of 1144 shares. The stock previously closed at $57.25.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Northland Securities boosted their price target on Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st. Susquehanna Bancshares boosted their price target on Super Micro Computer to $70.00 in a research note. on Friday, July 22. Finally, Loop Capital boosted their target price on shares of Super Micro Computer from $60.00 to $100.00 in a research note on Wednesday, May 4th.
Super Micro Computer Stock Down 0.1%
The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 17.23 and a beta of 1.36. The business has a fifty day simple moving average of $47.22 and a two hundred day simple moving average of $43.98. The company has a quick ratio of 0.73, a current ratio of 1.79 and a debt-to-equity ratio of 0.11.
Super Micro Computer (NASDAQ:SMCI – Get Rating ) last posted its earnings results on Tuesday, May 3. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.27. at $0.18. Super Micro Computer has a return on equity of 15.92% and a net margin of 3.96%. The business had revenue of $1.36 billion in the quarter, compared to the consensus estimate of $1.26 billion. In the same quarter last year, the company earned $0.39 EPS. Super Micro Computer’s revenue rose 51.3% on a year-over-year basis. Equities analysts expect Super Micro Computer, Inc. will post 4.83 EPS for the current year.
Insider Buying and Selling of Super Micro Computers
In other news, Director Sherman Tuan sold 10,000 shares of the company’s stock in a transaction dated Friday, May 13. The shares were sold at an average price of $51.95, for a total value of $519,500.00. Following the sale, the director now owns 24,889 shares of the company’s stock, valued at approximately $1,292,983.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 14.50% of the company’s stock.
Institutional Ebbs and Flows
Institutional investors have recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in Super Micro Computer during the 2nd quarter valued at approximately $47,000. Great West Life Assurance Co. Can raised its stake in shares of Super Micro Computer by 21.1% in the first quarter. Great West Life Assurance Co. Now owns 2,829 shares of the company’s stock worth $114,000 after buying an additional 493 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Super Micro Computer in the second quarter worth about $123,000. Fairfield Bush & CO. bought a new position in shares of Super Micro Computer in the first quarter worth about $126,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Super Micro Computer by 68.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,700 shares of the company’s stock valued at $163,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 69.00% 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. 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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