Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Average Rating of “Hold” from Brokerages

Super Micro Computer, Inc. (NASDAQ:SMCI) has been assigned a consensus rating of “Hold” from the eighteen research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $725.63.

Several research analysts have commented on the stock. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Wells Fargo & Company dropped their price objective on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Loop Capital dropped their target price on Super Micro Computer from $1,500.00 to $1,000.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Cfra reiterated a “hold” rating and set a $454.00 price target (down from $729.00) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Finally, Barclays lowered Super Micro Computer from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $693.00 to $438.00 in a research report on Wednesday, September 4th.

Super Micro Computer Trading Up 4.3 %

Shares of Super Micro Computer stock opened at $419.74 on Monday. Super Micro Computer has a 12-month low of $226.59 and a 12-month high of $1,229.00. The company has a market capitalization of $23.48 billion, a P/E ratio of 23.53 and a beta of 1.24. The stock has a fifty day simple moving average of $538.94 and a 200 day simple moving average of $763.12. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business 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 business’s quarterly revenue was up 142.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. purchased a new stake in shares of Super Micro Computer in the 2nd quarter worth approximately $1,105,000. Anchor Investment Management LLC boosted its holdings in Super Micro Computer by 13.7% in the second quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock worth $265,000 after acquiring an additional 39 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Super Micro Computer by 10,050.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 406 shares of the company’s stock worth $333,000 after acquiring an additional 402 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Super Micro Computer during the second quarter valued at $7,405,000. Finally, New Century Financial Group LLC purchased a new position in shares of Super Micro Computer in the 2nd quarter worth about $344,000. 84.06% of the stock is currently owned by hedge funds and other 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.