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

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 0.5% during trading on Wednesday . The company traded as high as $425.47 and last traded at $414.75. 1,858,654 shares were traded during trading, a decline of 78% from the average session volume of 8,388,553 shares. The stock had previously closed at $412.72.

Analyst Ratings Changes

Several analysts have issued reports on the company. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Barclays lowered shares of Super Micro Computer from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $6.93 to $4.38 in a report on Wednesday, September 4th. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, Susquehanna lifted their price target on shares of Super Micro Computer from $2.85 to $3.25 and gave the company a “negative” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.26.

Super Micro Computer Stock 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 50-day moving average price of $14.21 and a 200 day moving average price of $10.64. The firm has a market capitalization of $2.23 billion, a PE ratio of 2.27 and a beta of 1.24.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue was up 142.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. Research analysts expect that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently added to or reduced their stakes in the business. GQG Partners LLC purchased a new stake in shares of Super Micro Computer during the first quarter worth $1,325,466,000. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Wolf Hill Capital Management LP acquired a new position in Super Micro Computer during the 4th quarter worth $77,996,000. American Century Companies Inc. increased its holdings in Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after purchasing an additional 110,308 shares during the period. Finally, Schroder Investment Management Group purchased a new position in shares of Super Micro Computer in the 4th quarter valued at about $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.