Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 2.1% on Monday . The company traded as low as $17.70 and last traded at $20.05. Approximately 288,092 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 548,735 shares. The stock had previously closed at $20.48.

Several research analysts have commented on the stock. BidaskClub upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $30.00 price objective on shares of Super Micro Computer in a research report on Friday, July 14th. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Maxim Group restated a “buy” rating and set a $43.00 price objective on shares of Super Micro Computer in a research report on Friday, July 21st. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 price target (down previously from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $29.29.

The company’s 50-day moving average is $22.29 and its 200-day moving average is $24.55. The firm has a market cap of $971.20 million, a PE ratio of 14.85 and a beta of 0.15.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The firm had revenue of $717.90 million during the quarter, compared to analyst estimates of $714.99 million. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. Equities research analysts expect that Super Micro Computer, Inc. will post $1.65 EPS for the current fiscal year.

In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the sale, the director now directly owns 245,000 shares in the company, valued at $6,639,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 24.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Aperio Group LLC grew its position in Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock valued at $203,000 after acquiring an additional 68 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Super Micro Computer by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock worth $745,000 after purchasing an additional 118 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Super Micro Computer by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $382,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System boosted its stake in Super Micro Computer by 1.0% in the second quarter. Arizona State Retirement System now owns 19,850 shares of the technology company’s stock worth $489,000 after purchasing an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Super Micro Computer by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,890 shares of the technology company’s stock worth $219,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 77.19% of the company’s stock.

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Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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