Super Micro Computer (NASDAQ:SMCI) Shares Up 1%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was up 1% on Monday . The stock traded as high as $437.98 and last traded at $424.00. Approximately 3,172,517 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 8,333,888 shares. The stock had previously closed at $419.74.

Analyst Upgrades and Downgrades

SMCI has been the topic of several research analyst reports. Wedbush reiterated a “neutral” rating and set a $8.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Loop Capital cut their price target on 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. Rosenblatt Securities reissued a “buy” rating and set a $13.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. Susquehanna increased their price target on shares of Super Micro Computer from $2.85 to $3.25 and gave the company a “negative” rating in a report on Monday, July 15th. Finally, Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 target price for the company. in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $7.26.

Super Micro Computer Stock Performance

The business has a 50 day moving average of $538.94 and a 200 day moving average of $757.31. The company has a market capitalization of $23.36 billion, a P/E ratio of 23.77 and a beta of 1.24. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

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

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

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. lifted its stake in shares of Super Micro Computer by 400.0% in 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 purchased a new position in Super Micro Computer during the 2nd quarter valued at $25,000. Bank of New Hampshire bought a new position in Super Micro Computer in the 1st quarter valued at $35,000. VitalStone Financial LLC increased its stake in Super Micro Computer by 250.0% in the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares during the period. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. 84.06% of the stock is owned by 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.