Super Micro Computer (NASDAQ:SMCI) Shares Up 1%

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 1% on Monday . The stock traded as high as $437.98 and last traded at $424.00. Approximately 3,172,517 shares traded hands during trading, a decline of 62% from the average daily volume of 8,333,888 shares. The stock had previously closed at $419.74.

Analyst Ratings Changes

A number of brokerages have recently commented on SMCI. Barclays lowered Super Micro Computer from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $6.93 to $4.38 in a report on Wednesday, September 4th. Cfra restated a “hold” rating and set a $4.54 price target (down previously from $7.29) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 target price on the stock. in a research note on Wednesday, July 10th. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Susquehanna increased their price objective on shares of Super Micro Computer from $2.85 to $3.25 and gave the stock a “negative” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.26.

Super Micro Computer Trading Down 0.7 %

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24. The business has a 50 day moving average price of $14.21 and a 200 day moving average price of $10.64.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. Analysts anticipate that Super Micro Computer, Inc. will post 28.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. grew its position in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer during the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. raised its stake in Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. Bank of New Hampshire bought a new stake in shares of Super Micro Computer during the 1st quarter worth about $35,000. Finally, VitalStone Financial LLC boosted its holdings in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares during the period. 84.06% of the stock is currently owned by 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.