Super Micro Computer (NASDAQ:SMCI) Trading 4.7% Higher – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 4.7% during trading on Friday . The stock traded as high as $40.85 and last traded at $40.93. 20,496,751 shares were traded during mid-day trading, a decline of 72% from the average session volume of 73,007,879 shares. The stock had previously closed at $39.10.

Analysts Set New Price Targets

SMCI has been the topic of several research analyst reports. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price target on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $45.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Super Micro Computer Stock Performance

The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 21.11 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $38.47 and a 200 day simple moving average of $37.89.

Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The stock was 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 sold a total of 137,473 shares of company stock worth $6,771,552 in the last three months. 17.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new position in Super Micro Computer during the 4th quarter worth approximately $30,000. Trust Co. of Vermont raised its stake in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the fourth quarter valued at $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.