Super Micro Computer (NASDAQ:SMCI) Trading Down 0%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 0% during trading on Tuesday . The stock traded as low as $40.97 and last traded at $41.62. Approximately 11,475,202 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 83,167,063 shares. The stock had previously closed at $41.64.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SMCI. Rosenblatt Securities restated a “buy” rating and set a $13.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Wedbush restated a “neutral” rating and set a $8.00 target price on shares of Super Micro Computer in a research note on Friday, August 2nd. Mizuho started coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $4.50 price target on the stock. Loop Capital reduced their price objective on Super Micro Computer from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Nomura lowered 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 report on Wednesday, July 10th. One research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.26.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24. The stock’s 50 day moving average is $14.21 and its two-hundred day moving average is $10.64.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s revenue for the quarter was up 142.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, equities analysts predict that Super Micro Computer, Inc. will post 28.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. GQG Partners LLC bought a new position in shares of Super Micro Computer in the first quarter worth about $1,325,466,000. Dimensional Fund Advisors LP lifted its position in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares in the last quarter. Wolf Hill Capital Management LP bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $77,996,000. Finally, Swiss National Bank increased its holdings in shares of Super Micro Computer by 1.1% in the first quarter. Swiss National Bank now owns 150,600 shares of the company’s stock valued at $152,111,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

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.