Super Micro Computer (NASDAQ:SMCI) Stock Price Down 5.4%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 5.4% during trading on Friday . The stock traded as low as $388.39 and last traded at $392.36. Approximately 3,553,301 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 8,416,707 shares. The stock had previously closed at $414.60.

Analyst Ratings Changes

SMCI has been the subject of several research reports. Bank of America downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $1,090.00 to $700.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on shares of 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. Barclays downgraded shares of Super Micro Computer from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $693.00 to $438.00 in a research note on Wednesday. Susquehanna raised their price target on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research note on Monday, July 15th. Finally, 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued 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 $790.00.

Super Micro Computer Price Performance

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market cap of $21.55 billion, a P/E ratio of 21.99 and a beta of 1.24. The business’s 50 day moving average is $673.13 and its two-hundred day moving average is $819.80.

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 payable to shareholders after the closing bell 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 analysts’ consensus estimates of $7.63 by ($1.38). The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.43 earnings per share. As a group, analysts anticipate that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the last quarter. GQG Partners LLC acquired a new position in shares of Super Micro Computer during the first quarter valued at about $1,325,466,000. Dimensional Fund Advisors LP grew its holdings in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after buying an additional 2,011 shares during the last quarter. Norges Bank acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $95,211,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Super Micro Computer by 4.8% during the fourth quarter. Principal Financial Group Inc. now owns 326,359 shares of the company’s stock valued at $92,771,000 after buying an additional 14,959 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.