Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.3%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price rose 2.3% during trading on Tuesday . The company traded as high as $464.40 and last traded at $447.83. Approximately 4,598,495 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 8,435,707 shares. The stock had previously closed at $437.70.

Analysts Set New Price Targets

SMCI has been the subject of a number of recent research reports. Wedbush reissued a “neutral” rating and issued a $800.00 price objective on shares of Super Micro Computer in a research note on Friday, August 2nd. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the stock from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Wells Fargo & Company cut 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 report on Wednesday, August 28th. Finally, Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus price target of $840.36.

Super Micro Computer Stock Up 2.0 %

The stock has a market capitalization of $24.98 billion, a PE ratio of 25.00 and a beta of 1.24. 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 fifty day moving average price is $698.83 and its two-hundred day moving average price is $827.99.

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

Super Micro Computer (NASDAQ:SMCI) last posted 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 business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the company posted $3.43 earnings per share. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. On average, equities research analysts forecast that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. raised its position in shares of Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the second quarter worth about $25,000. FinTrust Capital Advisors LLC acquired a new position in shares of Super Micro Computer in the fourth quarter worth about $33,000. Hazlett Burt & Watson Inc. raised its position in shares of 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 acquiring an additional 24 shares during the period. Finally, Bank of New Hampshire acquired a new position in shares of Super Micro Computer in the first quarter worth about $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.