Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 2.5% during trading on Monday . The stock traded as low as $419.55 and last traded at $437.70. Approximately 10,933,100 shares were traded during trading, an increase of 29% from the average daily volume of 8,458,548 shares. The stock had previously closed at $448.82.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SMCI shares. Susquehanna boosted their price objective 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. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the company from $1,090.00 to $700.00 in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $840.36.

Super Micro Computer Price Performance

The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 24.76 and a beta of 1.24. The stock’s 50 day moving average price is $690.80 and its two-hundred day moving average price is $825.45. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer shares are going to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly minted shares will be issued 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 earnings per share (EPS) 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 period last year, the company posted $3.43 earnings per share. The business’s quarterly revenue was up 142.9% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in Super Micro Computer during the second quarter valued at $25,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer during the fourth quarter valued at $33,000. Hazlett Burt & Watson Inc. lifted its holdings in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. Finally, Bank of New Hampshire purchased a new position in Super Micro Computer during the first quarter valued at $35,000. 84.06% of the stock is 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.