The Goldman Sachs Group Cuts Super Micro Computer (NASDAQ:SMCI) Price Target to $675.00

Super Micro Computer (NASDAQ:SMCI) had its price objective cut by The Goldman Sachs Group from $775.00 to $675.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Rosenblatt Securities reiterated a buy rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday. Bank of America lowered shares of Super Micro Computer from a buy rating to a neutral rating and lowered their target price for the stock from $1,090.00 to $700.00 in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Super Micro Computer from $1,150.00 to $950.00 and set an overweight rating for the company in a report on Tuesday. Nomura cut shares of Super Micro Computer from a buy rating to a neutral rating and set a $930.00 price objective on the stock. in a research note on Wednesday, July 10th. Finally, Loop Capital lifted their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of Hold and an average target price of $911.85.

Super Micro Computer Stock Performance

Super Micro Computer stock traded down $1.18 on Thursday, hitting $508.76. The company’s stock had a trading volume of 5,911,406 shares, compared to its average volume of 8,283,002. Super Micro Computer has a one year low of $226.59 and a one year high of $1,229.00. The firm has a market cap of $28.46 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 0.40 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 company has a fifty day moving average price of $787.20 and a 200-day moving average price of $834.54.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 35.06%. The business’s revenue was up 142.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.43 EPS. On average, equities analysts anticipate that Super Micro Computer will post 29.32 earnings per share for the current year.

Insider Transactions at Super Micro Computer

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. raised its position 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 bought a new position in Super Micro Computer in the second quarter valued at approximately $25,000. Bank of New Hampshire acquired a new position in shares of Super Micro Computer in the first quarter valued at approximately $35,000. VitalStone Financial LLC increased its position in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during the period. 84.06% of the stock is currently owned by 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.