Super Micro Computer (NASDAQ:SMCI) Trading Down 0.7% (2024)

Posted by Defense World Staff on Jun 28th, 2024

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report)’s stock price traded down 0.7% during trading on Wednesday . The stock traded as low as $832.00 and last traded at $837.15. 1,285,005 shares were traded during trading, a decline of 85% from the average session volume of 8,574,477 shares. The stock had previously closed at $843.12.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective for the company. Loop Capital upped their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Rosenblatt Securities reiterated a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. Northland Securities increased their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $954.38.

Read Our Latest Research Report on SMCI

Super Micro Computer Stock Up 7.1 %

The firm has a market cap of $49.80 billion, a P/E ratio of 49.91, a P/E/G ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.29 and a current ratio of 4.69. The firm’s fifty day moving average is $830.84 and its 200 day moving average is $738.56.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.42 by $1.14. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. As a group, equities research analysts anticipate that Super Micro Computer, Inc. will post 21.11 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the transaction, the director now directly owns 3,459 shares in the company, valued at $3,008,015.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares in the company, valued at approximately $23,339,835.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,325 shares of company stock valued at $1,116,736. 17.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $55,943,000. Natixis Advisors L.P. boosted its holdings in shares of Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock valued at $4,722,000 after purchasing an additional 4,118 shares in the last quarter. Shilanski & Associates Inc. boosted its holdings in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company’s stock valued at $1,451,000 after purchasing an additional 134 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Super Micro Computer by 482.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 33,675 shares of the company’s stock valued at $34,013,000 after purchasing an additional 27,895 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in shares of Super Micro Computer during the 4th quarter worth $739,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

(Get Free Report)

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.

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