Super Micro Computer (NASDAQ:SMCI) Trading 2.8% Higher

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

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. Wedbush reissued a “neutral” rating and issued a $800.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target on the stock. in a research report on Wednesday, July 10th. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Cfra reaffirmed a “hold” rating and issued a $454.00 price objective (down from $729.00) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Finally, Mizuho initiated coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $450.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $725.63.

Super Micro Computer Price Performance

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $25.91 billion, a PE ratio of 26.35 and a beta of 1.24. The firm has a 50 day moving average price of $578.53 and a 200 day moving average price of $784.50.

Super Micro Computer shares are scheduled to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last issued 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 business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $3.43 EPS. The company’s quarterly revenue was up 142.9% on a year-over-year basis. Research analysts anticipate that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the 2nd quarter valued at about $25,000. Bank of New Hampshire bought a new position in shares of Super Micro Computer during the 1st quarter valued at about $35,000. VitalStone Financial LLC lifted its holdings in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after acquiring an additional 25 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. 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.