StockNews.com Upgrades Super Micro Computer (NASDAQ:SMCI) to “Hold”

Super Micro Computer (NASDAQ:SMCI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other equities research analysts also recently weighed in on SMCI. Susquehanna increased their price target on Super Micro Computer from $2.85 to $3.25 and gave the stock a “negative” rating in a report on Monday, July 15th. Nomura cut 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. Cfra reiterated a “hold” rating and set a $4.54 price target (down from $7.29) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Wells Fargo & Company reduced their price objective on shares of Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Finally, Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.90 to $7.00 in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.26.

Super Micro Computer Stock Performance

Shares of SMCI stock traded down $4,123.45 during trading hours on Tuesday, hitting $40.55. The stock had a trading volume of 29,821,448 shares, compared to its average volume of 83,267,711. 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 has a market capitalization of $2.27 billion, a PE ratio of 2.27 and a beta of 1.24. The stock’s 50 day moving average is $14.21 and its 200 day moving average is $10.64. Super Micro Computer has a twelve month low of $22.66 and a twelve month high of $122.90.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data 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). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 142.9% on a year-over-year basis. As a group, research analysts forecast that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently bought and sold shares of the stock. Centaurus Financial Inc. acquired a new stake in shares of Super Micro Computer during the 2nd quarter worth about $1,105,000. Anchor Investment Management LLC boosted its position in Super Micro Computer by 13.7% during the second quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock worth $265,000 after acquiring an additional 39 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in Super Micro Computer by 10,050.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 406 shares of the company’s stock worth $333,000 after acquiring an additional 402 shares during the period. Sanctuary Advisors LLC acquired a new position in Super Micro Computer in the 2nd quarter valued at $7,405,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Super Micro Computer during the second quarter worth $344,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.