Super Micro Computer (NASDAQ:SMCI) Trading 0.5% Higher

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Susquehanna raised their target price on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research note on Monday, July 15th. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $1,090.00 to $700.00 in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut Super Micro Computer from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $950.00 to $500.00 in a research note on Friday, September 6th. Finally, Cfra reissued a “hold” rating and issued a $454.00 price objective (down previously from $729.00) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $790.00.

Super Micro Computer Stock Down 0.5 %

The stock has a fifty day moving average of $639.90 and a 200 day moving average of $808.01. The firm has a market capitalization of $24.80 billion, a P/E ratio of 25.10 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.

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 closing bell on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last issued 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 business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s revenue was up 142.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.43 earnings per share. On average, research analysts anticipate that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. raised its stake 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 valued at $25,000 after buying an additional 24 shares during the period. Moser Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the second quarter valued at $25,000. Bank of New Hampshire bought a new stake in shares of Super Micro Computer in the first quarter valued at $35,000. VitalStone Financial LLC raised its stake in shares of Super Micro Computer by 250.0% in the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after buying an additional 25 shares during the period. Finally, Hazlett Burt & Watson Inc. raised its stake 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 valued at $34,000 after buying an additional 24 shares during the period. 84.06% of the stock is currently 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.