Super Micro Computer (NASDAQ:SMCI) Downgraded by StockNews.com

Super Micro Computer (NASDAQ:SMCI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently weighed in on SMCI. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the stock from $109.00 to $70.00 in a research report on Wednesday, August 7th. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a research report on Wednesday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Barclays dropped their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.45.

Super Micro Computer Trading Down 1.7 %

Super Micro Computer stock opened at $46.47 on Wednesday. Super Micro Computer has a 52 week low of $22.66 and a 52 week high of $122.90. The stock has a 50-day moving average price of $49.43 and a 200 day moving average price of $72.80. 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 market capitalization of $2.60 billion, a price-to-earnings ratio of 2.60 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.14). The business had revenue of $5.31 billion during 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 firm’s revenue was up 142.9% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Sell-side analysts anticipate that Super Micro Computer will post 2.85 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. Acadian Asset Management LLC acquired a new stake in shares of Super Micro Computer in the first quarter worth approximately $98,000. Vanguard Group Inc. boosted 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 worth $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Super Micro Computer during the first quarter worth $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Super Micro Computer by 168.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after buying an additional 36,795 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Super Micro Computer by 1,516.8% in the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after buying an additional 51,906 shares in the last quarter. 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.