Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.3% – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 2.3% during mid-day trading on Friday . The company traded as high as $47.87 and last traded at $47.55. Approximately 10,154,485 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 81,971,219 shares. The stock had previously closed at $46.47.

Analyst Ratings Changes

SMCI has been the topic of a number of research reports. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target on the stock. Cfra restated a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a report on Wednesday, July 10th. Finally, Susquehanna boosted their target price on shares of Super Micro Computer from $28.50 to $32.50 and gave the stock a “negative” rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.45.

Super Micro Computer Stock Performance

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $49.43 and its 200 day moving average is $72.80. The stock has a market capitalization of $26.47 billion, a PE ratio of 23.87 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). The company 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%. Super Micro Computer’s quarterly revenue was up 142.9% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. On average, equities research analysts predict that Super Micro Computer, Inc. will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently added to or reduced their stakes in SMCI. Farmers & Merchants Investments Inc. boosted its position in Super Micro Computer by 400.0% in the 2nd 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 purchased a new stake in shares of Super Micro Computer in the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. lifted its position in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the period. Bank of New Hampshire purchased a new stake in shares of Super Micro Computer in the 1st quarter worth approximately $35,000. Finally, VitalStone Financial LLC lifted its position in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares during the period. 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.