Super Micro Computer (NASDAQ:SMCI) Shares Down 0%

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 0% during mid-day trading on Tuesday . The stock traded as low as $40.97 and last traded at $41.62. 11,475,202 shares were traded during mid-day trading, a decline of 86% from the average session volume of 83,167,063 shares. The stock had previously closed at $41.64.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.90 to $7.00 in a report on Wednesday, August 7th. Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 target price for the company. in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.26.

Super Micro Computer Price Performance

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 $2.25 billion, a PE ratio of 2.27 and a beta of 1.24. The business has a 50-day moving average price of $14.21 and a 200 day moving average price of $10.64.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). 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 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 period last year, the firm earned $0.03 EPS. As a group, research analysts forecast 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. raised its position in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new stake in Super Micro Computer in the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. Bank of New Hampshire bought a new position in Super Micro Computer during the first quarter valued at approximately $35,000. Finally, VitalStone Financial LLC raised its stake in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.