Super Micro Computer (NASDAQ:SMCI) Trading Up 1%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were up 1% on Monday . The company traded as high as $437.98 and last traded at $424.00. Approximately 3,172,517 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 8,333,888 shares. The stock had previously closed at $419.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $9.50 to $5.00 in a research note on Friday, September 6th. Mizuho initiated coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $4.50 price objective for the company. Wedbush restated a “neutral” rating and issued a $8.00 price objective on shares of Super Micro Computer in a research report on Friday, August 2nd. Barclays downgraded Super Micro Computer from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $6.93 to $4.38 in a research report on Wednesday, September 4th. Finally, Loop Capital lowered their price target on Super Micro Computer from $15.00 to $10.00 and set a “buy” rating for the company in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.26.

Super Micro Computer Trading Down 0.8 %

The business’s 50-day moving average price is $14.21 and its 200 day moving average price is $10.64. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 142.9% on a year-over-year basis. On average, equities analysts forecast that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SMCI. Centaurus Financial Inc. acquired a new stake in Super Micro Computer during the second quarter valued at approximately $1,105,000. Anchor Investment Management LLC increased its holdings in shares of Super Micro Computer by 13.7% in the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock valued at $265,000 after acquiring an additional 39 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Super Micro Computer by 10,050.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 406 shares of the company’s stock valued at $333,000 after acquiring an additional 402 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Super Micro Computer in the second quarter worth $7,405,000. Finally, New Century Financial Group LLC bought 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 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.