Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.8%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as $406.83 and last traded at $419.98. Approximately 2,887,378 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 8,421,990 shares. The stock had previously closed at $423.47.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Cfra reissued a “hold” rating and set a $454.00 price objective (down previously from $729.00) on shares of Super Micro Computer in a report on Wednesday, August 28th. The Goldman Sachs Group lowered their target price on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $822.14.

Super Micro Computer Stock Down 2.5 %

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 stock’s fifty day moving average is $682.65 and its two-hundred day moving average is $822.63. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 23.54 and a beta of 1.24.

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

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing the consensus estimate of $7.63 by ($1.38). 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 during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the firm posted $3.43 EPS. The firm’s revenue for the quarter was up 142.9% on a year-over-year basis. Sell-side analysts predict that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its holdings in shares of Super Micro Computer by 14.4% during the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Invst LLC boosted its stake in Super Micro Computer by 4.3% during the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after purchasing an additional 14 shares during the last quarter. Byrne Asset Management LLC raised its stake in shares of Super Micro Computer by 10.4% in the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after purchasing an additional 14 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after purchasing an additional 15 shares in the last quarter. Finally, TFC Financial Management Inc. raised its position in Super Micro Computer by 23.1% in the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after acquiring an additional 15 shares during the period. 84.06% of the stock is owned by 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.