Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) rose 2% during mid-day trading on Wednesday . The company traded as high as $460.95 and last traded at $448.02. Approximately 2,306,424 shares traded hands during trading, a decline of 72% from the average daily volume of 8,309,287 shares. The stock had previously closed at $439.38.

Analysts Set New Price Targets

Several analysts have recently commented on SMCI shares. Needham & Company LLC began coverage on Super Micro Computer in a report on Wednesday. They issued a “buy” rating and a $600.00 price target for the company. Cfra reissued a “hold” rating and issued a $454.00 target price (down previously from $729.00) on shares of Super Micro Computer in a report on Wednesday, August 28th. Susquehanna upped their price target on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research note on Monday, July 15th. Wedbush reiterated a “neutral” rating and issued a $800.00 price objective on shares of Super Micro Computer in a research note on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $756.88.

Super Micro Computer Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a fifty day simple moving average of $596.63 and a 200 day simple moving average of $793.39. The stock has a market cap of $24.45 billion, a price-to-earnings ratio of 24.51 and a beta of 1.24.

Super Micro Computer’s stock is going to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly minted shares will be distributed 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 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the company posted $3.43 earnings per share. The business’s revenue for the quarter was up 142.9% compared to the same quarter last year. As a group, equities analysts anticipate that Super Micro Computer, Inc. will post 28.5 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. increased its position in 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 last quarter. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at $25,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth $33,000. Hazlett Burt & Watson Inc. raised its position in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the period. Finally, Bank of New Hampshire acquired a new position in Super Micro Computer in the first quarter valued at $35,000. 84.06% of the stock is currently owned by hedge funds and other 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.