Super Micro Computer (NASDAQ:SMCI) Trading 2.3% Higher

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 2.3% during trading on Thursday . The company traded as high as $456.60 and last traded at $446.74. 1,752,052 shares were traded during trading, a decline of 79% from the average session volume of 8,292,115 shares. The stock had previously closed at $436.88.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SMCI. Mizuho initiated coverage on shares of Super Micro Computer in a report on Tuesday. They issued a “neutral” rating and a $450.00 price target on the stock. Barclays cut Super Micro Computer from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $693.00 to $438.00 in a research note on Wednesday, September 4th. Nomura downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a report on Wednesday, July 10th. JPMorgan Chase & Co. cut Super Micro Computer from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $950.00 to $500.00 in a report on Friday, September 6th. Finally, Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $1,090.00 to $700.00 in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $756.88.

Super Micro Computer Stock Up 4.6 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock’s 50-day moving average price is $578.53 and its two-hundred day moving average price is $786.63. The stock has a market capitalization of $25.58 billion, a PE ratio of 25.63 and a beta of 1.24.

Super Micro Computer’s stock is 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 distributed to shareholders after the closing bell on Monday, September 30th.

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

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds have recently added to or reduced their stakes in SMCI. Farmers & Merchants Investments Inc. boosted its stake in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new position in shares of Super Micro Computer in the second quarter worth approximately $25,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $33,000. Hazlett Burt & Watson Inc. increased its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares in the last quarter. Finally, Bank of New Hampshire purchased a new position in Super Micro Computer in the 1st quarter worth approximately $35,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

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.