Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 0% on Tuesday . The stock traded as low as $40.97 and last traded at $41.62. Approximately 11,475,202 shares changed hands 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.

Analyst Ratings Changes

Several analysts have issued reports on SMCI shares. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $6.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Cfra restated a “hold” rating and issued a $4.54 price objective (down previously from $7.29) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, Loop Capital reduced their target price on Super Micro Computer from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.26.

Super Micro Computer Trading Down 3.3 %

The firm has a market capitalization of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $13.56 and a 200-day moving average of $10.43.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $5.31 billion for 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 business’s revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, equities research analysts predict that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its stake in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in Super Micro Computer in the second quarter valued at about $25,000. Bank of New Hampshire acquired a new position in Super Micro Computer during the first quarter worth about $35,000. VitalStone Financial LLC lifted its holdings in shares of Super Micro Computer by 250.0% in 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 last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of 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 purchasing an additional 24 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.