Super Micro Computer (NASDAQ:SMCI) Shares Up 1.7%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were up 1.7% during trading on Friday . The stock traded as high as $448.26 and last traded at $444.70. Approximately 1,485,878 shares traded hands during trading, a decline of 82% from the average daily volume of 8,272,285 shares. The stock had previously closed at $437.20.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Nomura lowered 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. Barclays downgraded Super Micro Computer from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $693.00 to $438.00 in a report on Wednesday, September 4th. Wells Fargo & Company dropped their price target on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Finally, Susquehanna boosted their price objective 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $756.88.

Super Micro Computer Trading Up 3.9 %

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 business’s 50-day moving average is $596.63 and its 200 day moving average is $793.39. The firm has a market capitalization of $25.41 billion, a P/E ratio of 24.93 and a beta of 1.24.

Super Micro Computer shares are set to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s quarterly revenue was up 142.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.43 earnings per share. As a group, analysts anticipate that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in shares of Super Micro Computer by 159.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,659 shares of the company’s stock worth $2,746,000 after acquiring an additional 5,938 shares during the last quarter. Norges Bank acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $95,211,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Super Micro Computer during the fourth quarter worth $391,000. Gladstone Institutional Advisory LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth $315,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth $212,000. 84.06% of the stock is currently owned by 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.