Super Micro Computer (NASDAQ:SMCI) Shares Up 0.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 0.5% during mid-day trading on Thursday . The stock traded as high as $449.41 and last traded at $447.80. Approximately 2,104,174 shares changed hands during trading, a decline of 75% from the average daily volume of 8,383,976 shares. The stock had previously closed at $445.40.

Analysts Set New Price Targets

SMCI has been the topic of several research reports. JPMorgan Chase & Co. lowered Super Micro Computer from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $9.50 to $5.00 in a research report on Friday, September 6th. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $4.50 target price for the company. Cfra reaffirmed a “hold” rating and set a $4.54 price target (down from $7.29) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Barclays lowered shares of Super Micro Computer from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $6.93 to $4.38 in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating on the stock in a report on Thursday, August 8th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.26.

Super Micro Computer Stock Performance

The company has a market cap of $2.23 billion, a P/E ratio of 2.27 and a beta of 1.24. 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 company has a 50 day moving average price of $14.21 and a 200-day moving average price of $10.64.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm’s quarterly revenue was up 142.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. Equities analysts expect that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently modified their holdings of SMCI. GQG Partners LLC acquired a new stake in shares of Super Micro Computer in the first quarter worth $1,325,466,000. Vanguard Group Inc. grew its stake in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in Super Micro Computer during the fourth quarter valued at approximately $77,996,000. American Century Companies Inc. lifted its position in Super Micro Computer by 511.9% in the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after buying an additional 110,308 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at $18,641,000. 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.