Super Micro Computer (NASDAQ:SMCI) Now Covered by Mizuho

Investment analysts at Mizuho started coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $450.00 price target on the stock. Mizuho’s target price suggests a potential upside of 3.00% from the company’s current price.

Other analysts have also recently issued reports about the company. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the company from $1,090.00 to $700.00 in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $950.00 to $500.00 in a report on Friday, September 6th. Susquehanna increased their price target on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research note on Monday, July 15th. Wells Fargo & Company reduced their price target on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Finally, Wedbush reiterated a “neutral” rating and issued a $800.00 price objective on shares of Super Micro Computer in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $756.88.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $436.88 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 52 week low of $226.59 and a 52 week high of $1,229.00. The stock’s 50-day moving average price is $596.63 and its 200-day moving average price is $793.39. The stock has a market capitalization of $24.43 billion, a PE ratio of 24.49 and a beta of 1.24.

Shares of Super Micro Computer are scheduled to split on the morning of Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the firm posted $3.43 earnings per share. Super Micro Computer’s quarterly revenue was up 142.9% on a year-over-year basis. As a group, equities analysts expect that Super Micro Computer will post 28.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. increased its stake in shares of Super Micro Computer by 10,050.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 406 shares of the company’s stock worth $333,000 after buying an additional 402 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Super Micro Computer during the 2nd quarter worth about $7,405,000. New Century Financial Group LLC purchased a new stake in Super Micro Computer during the second quarter worth approximately $344,000. Cetera Investment Advisers boosted its holdings in Super Micro Computer by 24.5% in the second quarter. Cetera Investment Advisers now owns 34,324 shares of the company’s stock valued at $28,123,000 after purchasing an additional 6,749 shares in the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new position in Super Micro Computer in the second quarter valued at approximately $269,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.