Super Micro Computer (NASDAQ:SMCI) Trading Up 1.4%

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 1.4% during trading on Wednesday . The stock traded as high as $476.74 and last traded at $470.00. 1,941,362 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 8,249,451 shares. The stock had previously closed at $463.61.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SMCI shares. Wells Fargo & Company lowered their target price 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. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective for the company. in a research report on Wednesday, July 10th. Cfra reiterated 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. Loop Capital reduced their price target on Super Micro Computer from $1,500.00 to $1,000.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wedbush reissued a “neutral” rating and set a $800.00 price objective on shares of Super Micro Computer in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $725.63.

Super Micro Computer Stock Performance

The stock’s 50 day moving average price is $561.63 and its 200 day moving average price is $772.45. 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 company has a market capitalization of $25.67 billion, a price-to-earnings ratio of 26.35 and a beta of 1.24.

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

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the business posted $3.43 earnings per share. The company’s revenue for the quarter was up 142.9% on a year-over-year basis. Analysts expect that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in Super Micro Computer during the first quarter worth approximately $98,000. Vanguard Group Inc. boosted 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 worth $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Super Micro Computer during the 1st quarter worth approximately $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Super Micro Computer by 168.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock worth $59,180,000 after buying an additional 36,795 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Super Micro Computer by 1,516.8% in the 1st 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 in the last quarter. 84.06% of the stock is owned by 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.