Super Micro Computer (NASDAQ:SMCI) PT Lowered to $1,000.00

Super Micro Computer (NASDAQ:SMCI) had its target price decreased by research analysts at Loop Capital from $1,500.00 to $1,000.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target indicates a potential upside of 115.70% from the stock’s current price.

Several other equities analysts have also commented on the stock. Barclays lowered shares of Super Micro Computer from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $693.00 to $438.00 in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $950.00 to $500.00 in a research note on Friday, September 6th. Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research note on Wednesday, July 10th. Mizuho assumed coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $450.00 price target on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $725.63.

Super Micro Computer Stock Down 0.5 %

Shares of NASDAQ:SMCI opened at $463.61 on Monday. 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 firm has a market capitalization of $25.93 billion, a PE ratio of 25.99 and a beta of 1.24. The firm’s 50-day moving average is $569.90 and its two-hundred day moving average is $777.22. Super Micro Computer has a 1 year low of $226.59 and a 1 year high of $1,229.00.

Shares of Super Micro Computer are scheduled to split before the market opens on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly created shares will be issued to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last released 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). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $3.43 earnings per share. The firm’s quarterly revenue was up 142.9% on a year-over-year basis. Analysts predict that Super Micro Computer will post 28.5 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares during the period. GQG Partners LLC purchased a new position in shares of Super Micro Computer in the first quarter valued at $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 valued at $283,609,000 after buying an additional 2,011 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $77,996,000. Finally, Wells Fargo & Company MN increased its position in shares of 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 buying an additional 19,685 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.