Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.3%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $447.00 and last traded at $447.92. Approximately 1,192,189 shares traded hands during trading, a decline of 86% from the average daily volume of 8,329,097 shares. The stock had previously closed at $449.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMCI. Wedbush restated a “neutral” rating and set a $800.00 price target on shares of Super Micro Computer in a research note on Friday, August 2nd. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Barclays downgraded Super Micro Computer from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $693.00 to $438.00 in a report on Wednesday, September 4th. Cfra restated a “hold” rating and set a $454.00 price objective (down from $729.00) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered Super Micro Computer from an “overweight” rating to a “neutral” rating and cut their target price for the company from $950.00 to $500.00 in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $756.88.

Super Micro Computer Price Performance

The stock’s 50 day simple moving average is $596.63 and its 200-day simple moving average is $793.39. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 24.49 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’s stock is going to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly created shares will be payable to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last issued its 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). The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s revenue was up 142.9% on a year-over-year basis. During the same quarter last year, the business earned $3.43 EPS. Equities research analysts anticipate that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 1,265,542 shares during the period. GQG Partners LLC acquired a new position in Super Micro Computer during the first quarter valued at $1,325,466,000. Dimensional Fund Advisors LP lifted its position in Super Micro Computer by 0.6% during the second 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 during the period. Norges Bank purchased a new stake in Super Micro Computer in the fourth quarter valued at $95,211,000. Finally, Wolf Hill Capital Management LP acquired a new stake in Super Micro Computer during the 4th quarter worth about $77,996,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.