Super Micro Computer (NASDAQ:SMCI) Shares Down 0.3%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 0.3% on Tuesday . The company traded as low as $447.00 and last traded at $447.92. Approximately 1,192,189 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 8,329,097 shares. The stock had previously closed at $449.10.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price for the company. in a report on Wednesday, July 10th. Susquehanna lifted their price target on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research note on Monday, July 15th. Rosenblatt Securities restated a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, Needham & Company LLC began coverage on Super Micro Computer in a research report on Wednesday. They set a “buy” rating and a $600.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $756.88.

Super Micro Computer Stock Performance

The stock has a market cap of $24.43 billion, a P/E ratio of 24.49 and a beta of 1.24. 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’s 50-day moving average price is $596.63 and its 200-day moving average price is $793.39.

Super Micro Computer’s stock is scheduled to split before the market opens on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly minted shares will be payable to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the company posted $3.43 EPS. The company’s revenue was up 142.9% compared to the same quarter last year. Sell-side 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 hedge funds and other institutional investors have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. grew its holdings in shares of Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $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 2nd quarter worth about $25,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer during the fourth quarter worth approximately $33,000. Hazlett Burt & Watson Inc. raised its stake in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares in the last quarter. Finally, Bank of New Hampshire purchased a new stake in shares of Super Micro Computer in the first quarter valued at approximately $35,000. 84.06% of the stock is currently owned by hedge funds and other 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.