Super Micro Computer (NASDAQ:SMCI) Shares Up 2%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 2% on Wednesday . The company traded as high as $460.95 and last traded at $448.02. 2,306,424 shares changed hands during trading, a decline of 72% from the average session volume of 8,309,287 shares. The stock had previously closed at $439.38.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SMCI. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $950.00 to $500.00 in a report on Friday, September 6th. Finally, Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $756.88.

Super Micro Computer Trading Up 1.7 %

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 stock has a market cap of $25.00 billion, a PE ratio of 25.11 and a beta of 1.24. The firm has a fifty day simple moving average of $605.89 and a two-hundred day simple moving average of $795.90.

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 minted shares will be distributed to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data 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). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.43 earnings per share. As a group, equities analysts expect that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. purchased a new stake in Super Micro Computer in the fourth quarter worth about $722,000. Janney Montgomery Scott LLC boosted its position in shares of Super Micro Computer by 159.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,659 shares of the company’s stock valued at $2,746,000 after purchasing an additional 5,938 shares in the last quarter. Securian Asset Management Inc. grew its stake in Super Micro Computer by 2.6% in the fourth quarter. Securian Asset Management Inc. now owns 3,968 shares of the company’s stock worth $1,128,000 after purchasing an additional 100 shares during the period. Norges Bank bought a new position in Super Micro Computer in the fourth quarter worth $95,211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Super Micro Computer during the 4th quarter valued at about $391,000. 84.06% of the stock is owned by hedge funds and other 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.