Loop Capital Trims Super Micro Computer (NASDAQ:SMCI) Target Price to $10.00

Super Micro Computer (NASDAQ:SMCI) had its target price reduced by Loop Capital from $15.00 to $10.00 in a research note issued on Monday, September 23rd, Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential downside of 75.17% from the stock’s previous close.

Several other equities research analysts have also issued reports on SMCI. Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 target price for the company. in a research report on Wednesday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $9.50 to $5.00 in a research note on Friday, September 6th. Finally, Cfra reissued a “hold” rating and set a $4.54 price objective (down from $7.29) on shares of Super Micro Computer in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $7.26.

Super Micro Computer Stock Down 0.7 %

SMCI opened at $40.28 on Monday. Super Micro Computer has a fifty-two week low of $22.66 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company’s 50-day moving average is $14.21 and its 200 day moving average is $10.64. The firm has a market capitalization of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm 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%. Super Micro Computer’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. Research analysts expect that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the period. GQG Partners LLC purchased a new position in shares of Super Micro Computer during the first quarter worth about $1,325,466,000. Dimensional Fund Advisors LP increased its position in shares of Super Micro Computer by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in shares of Super Micro Computer in the fourth quarter worth approximately $77,996,000. Finally, Wells Fargo & Company MN raised its stake in Super Micro Computer by 13.2% in the fourth quarter. Wells Fargo & Company MN now owns 168,873 shares of the company’s stock valued at $48,004,000 after purchasing an additional 19,685 shares in the last quarter. 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.