Super Micro Computer (NASDAQ:SMCI) Rating Increased to Hold at StockNews.com

Super Micro Computer (NASDAQ:SMCI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

SMCI has been the topic of a number of other reports. JPMorgan Chase & Co. cut Super Micro Computer from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $9.50 to $5.00 in a report on Friday, September 6th. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. The Goldman Sachs Group reduced their price target 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. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Susquehanna raised their price objective on 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 given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.61.

Super Micro Computer Trading Up 3.6 %

Shares of NASDAQ:SMCI opened at $42.00 on Tuesday. The stock has a 50 day moving average of $14.91 and a 200 day moving average of $10.86. The company has a market cap of $2.35 billion, a PE ratio of 2.35 and a beta of 1.24. Super Micro Computer has a 12-month low of $22.66 and a 12-month high of $122.90. 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 announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 142.9% on a year-over-year basis. As a group, equities research analysts expect that Super Micro Computer will post 28.5 EPS for the current year.

Institutional Trading of Super Micro Computer

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

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.