Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 2.5% on Monday . The company traded as low as $419.55 and last traded at $437.70. Approximately 10,933,100 shares changed hands during trading, an increase of 29% from the average daily volume of 8,458,548 shares. The stock had previously closed at $448.82.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. Susquehanna lifted their target price 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. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price on the stock. in a research note on Wednesday, July 10th. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their target price for the company from $1,090.00 to $700.00 in a research note on Wednesday, August 7th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $840.36.

Super Micro Computer Stock Performance

The business’s fifty day moving average price is $690.80 and its two-hundred day moving average price is $825.45. 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 has a market capitalization of $24.71 billion, a P/E ratio of 24.76 and a beta of 1.24.

Super Micro Computer shares are going 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 issued to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). The firm 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 for the quarter was up 142.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.43 earnings per share. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its holdings in Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after purchasing an additional 13 shares during the last quarter. Invst LLC boosted its position in Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after buying an additional 14 shares during the period. Byrne Asset Management LLC boosted its position in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after buying an additional 14 shares during the period. Versant Capital Management Inc boosted its position in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the period. Finally, TFC Financial Management Inc. boosted its position in Super Micro Computer by 23.1% in the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after buying an additional 15 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.