Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.8%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price rose 2.8% during mid-day trading on Monday . The stock traded as high as $483.46 and last traded at $470.14. Approximately 3,306,271 shares were traded during trading, a decline of 60% from the average daily volume of 8,278,747 shares. The stock had previously closed at $457.27.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Loop Capital dropped their price target on shares of Super Micro Computer from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Barclays downgraded shares of Super Micro Computer from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $6.93 to $4.38 in a research note on Wednesday, September 4th. Finally, Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.26.

Super Micro Computer Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company’s 50 day moving average is $14.21 and its two-hundred day moving average is $10.64. The firm has a market cap of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24.

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

Institutional Trading of Super Micro Computer

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Super Micro Computer during the first quarter valued at approximately $98,000. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Super Micro Computer during the first quarter valued at approximately $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Super Micro Computer by 168.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after purchasing an additional 36,795 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Super Micro Computer by 1,516.8% in the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock valued at $56,420,000 after acquiring an additional 51,906 shares during the last quarter. Institutional investors and hedge funds 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.