Super Micro Computer (NASDAQ:SMCI) Shares Gap Down to $624.65

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $624.65, but opened at $535.59. Super Micro Computer shares last traded at $578.91, with a volume of 849,679 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on SMCI. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Wedbush restated a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a report on Friday, August 2nd. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $1,090.00 to $700.00 in a research report on Wednesday. Finally, Loop Capital upped their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $921.46.

Super Micro Computer Price Performance

The stock has a market cap of $27.53 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $806.02 and its two-hundred day simple moving average is $838.72.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a return on equity of 34.09% and a net margin of 8.88%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the business posted $3.43 earnings per share. The firm’s quarterly revenue was up 142.9% on a year-over-year basis. Sell-side analysts expect that Super Micro Computer, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Tally C. Liu sold 500 shares of Super Micro Computer stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares of the company’s stock, valued at approximately $23,339,835.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares in the company, valued at approximately $15,147,374. The disclosure for this sale can be found here. Insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter worth approximately $25,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $33,000. Finally, Bank of New Hampshire bought a new position in shares of Super Micro Computer during the first quarter valued at approximately $35,000. Institutional investors own 84.06% of the company’s stock.

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.