Super Micro Computer (NASDAQ:SMCI) Shares Scheduled to Split on Tuesday, October 1st

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) are scheduled to split before the market opens on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly minted shares will be payable to shareholders after the market closes on Monday, September 30th.

Super Micro Computer Price Performance

SMCI stock opened at $457.16 on Friday. The stock’s 50 day moving average price is $624.02 and its 200 day moving average price is $802.22. The firm has a market cap of $25.57 billion, a P/E ratio of 25.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a 1 year low of $226.59 and a 1 year high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.63 by ($1.38). The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm’s revenue was up 142.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.43 earnings per share. On average, sell-side analysts expect that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SMCI. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Wedbush reiterated a “neutral” rating and issued a $800.00 price target on shares of Super Micro Computer in a report on Friday, August 2nd. The Goldman Sachs Group lowered their price objective on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $950.00 to $500.00 in a research report on Friday, September 6th. Finally, Wells Fargo & Company lowered their price target on 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $790.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying 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 grew its holdings in Super Micro Computer by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares in the last quarter. Norges Bank acquired a new position in Super Micro Computer in the 4th quarter worth $95,211,000. Finally, Wolf Hill Capital Management LP purchased a new position in Super Micro Computer in the 4th quarter valued at about $77,996,000. 84.06% of the stock is 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.