Super Micro Computer (NASDAQ:SMCI) Trading Down 0.2%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price dropped 0.2% during trading on Tuesday . The stock traded as low as $400.80 and last traded at $409.18. Approximately 1,886,054 shares were traded during trading, a decline of 78% from the average daily volume of 8,408,486 shares. The stock had previously closed at $409.87.

Analyst Ratings Changes

Several brokerages recently issued reports on SMCI. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $6.00 price target for the company. Mizuho began coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $4.50 price objective for the company. Cfra reaffirmed a “hold” rating and issued a $4.54 price target (down previously from $7.29) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 price objective for the company. in a research note on Wednesday, July 10th. Finally, Wedbush reiterated a “neutral” rating and set a $8.00 price target on shares of Super Micro Computer in a report on Friday, August 2nd. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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 business’s 50 day simple moving average is $14.21 and its 200 day simple moving average is $10.64. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). 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 for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 142.9% compared to the same quarter last year. 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

Institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its holdings in shares of Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after purchasing an additional 13 shares during the last quarter. Invst LLC lifted its position in shares of Super Micro Computer by 4.3% in the first quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after buying an additional 14 shares in the last quarter. Byrne Asset Management LLC boosted its stake in Super Micro Computer by 10.4% during the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after buying an additional 14 shares during the last quarter. Versant Capital Management Inc grew its holdings in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares in the last quarter. Finally, TFC Financial Management Inc. increased its stake in Super Micro Computer by 23.1% in the 1st 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 last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.