Super Micro Computer (NASDAQ:SMCI) Receives Hold Rating from Cfra

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “hold” rating restated by research analysts at Cfra in a note issued to investors on Wednesday, August 28th, Benzinga reports. They presently have a $4.54 price objective on the stock, down from their prior price objective of $7.29. Cfra’s target price points to a potential downside of 88.73% from the company’s previous close.

Several other brokerages also recently weighed in on SMCI. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $10.90 to $7.00 in a research report on Wednesday, August 7th. Barclays reaffirmed an “overweight” rating and set a $6.93 target price on shares of Super Micro Computer in a research report on Wednesday, August 28th. Susquehanna raised 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. Finally, Wedbush restated a “neutral” rating and set a $8.00 price objective on shares of Super Micro Computer in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.26.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $40.28 on Wednesday. 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’s fifty day moving average price is $14.21 and its 200-day moving average price is $10.64. The firm has a market cap of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24. Super Micro Computer has a 12 month low of $22.66 and a 12 month high of $122.90.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $5.31 billion for 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%. Super Micro Computer’s revenue for the quarter was up 142.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, equities research analysts expect that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in SMCI. Farmers & Merchants Investments Inc. boosted its holdings in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer in the second quarter valued at approximately $25,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $33,000. Hazlett Burt & Watson Inc. increased its position 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 worth $34,000 after purchasing an additional 24 shares in the last quarter. Finally, Bank of New Hampshire acquired a new position in Super Micro Computer in the 1st quarter valued at $35,000. Institutional investors and hedge funds 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.