Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Average Recommendation of “Hold” from Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI) has been given a consensus rating of “Hold” by the eighteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $756.88.

Several analysts have recently issued reports on SMCI shares. Cfra reiterated a “hold” rating and issued a $454.00 target price (down previously from $729.00) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Nomura lowered 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 report on Wednesday, July 10th. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Mizuho initiated coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $450.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $950.00 to $500.00 in a research report on Friday, September 6th.

Super Micro Computer Stock Up 4.6 %

SMCI stock opened at $457.27 on Monday. The firm has a market cap of $25.58 billion, a PE ratio of 25.63 and a beta of 1.24. 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 firm’s fifty day moving average is $578.53 and its 200 day moving average is $784.50. Super Micro Computer has a one year low of $226.59 and a one year high of $1,229.00.

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 issued to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last released 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). 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 for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the business posted $3.43 EPS. The firm’s quarterly revenue was up 142.9% compared to the same quarter last year. On average, research analysts forecast that Super Micro Computer will post 28.5 EPS for the current year.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors have recently bought and sold shares of SMCI. Sound Income Strategies LLC raised its stake in shares of Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares during the period. Invst LLC raised its stake in shares of 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 acquiring an additional 14 shares during the period. Byrne Asset Management LLC raised its stake in shares of 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 acquiring an additional 14 shares during the period. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 15 shares during the period. Finally, TFC Financial Management Inc. raised its stake in shares of 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 acquiring an additional 15 shares during the period. 84.06% of the stock is 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.