Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1.6% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price rose 1.6% during mid-day trading on Tuesday . The company traded as high as $34.59 and last traded at $33.65. Approximately 11,770,069 shares traded hands during trading, a decline of 84% from the average daily volume of 73,282,615 shares. The stock had previously closed at $33.12.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SMCI. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Finally, Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Up 1.0 %

The stock has a market capitalization of $19.85 billion, a price-to-earnings ratio of 16.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business has a fifty day moving average of $40.19 and a 200 day moving average of $36.76.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their position. 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 quarter. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its stake in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC increased its holdings in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the period. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer in the 4th quarter valued at about $30,000. Trust Co. of Vermont boosted its stake in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer during the first quarter worth about $34,000. 84.06% of the stock is currently 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.