Super Micro Computer (NASDAQ:SMCI) Upgraded to “Hold” by StockNews.com

Super Micro Computer (NASDAQ:SMCI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts have also recently issued research reports about the company. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $4.50 price target on the stock. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.90 to $7.00 in a report on Wednesday, August 7th. Nomura downgraded 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. Wells Fargo & Company dropped their price target on Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.26.

Super Micro Computer Stock Performance

NASDAQ SMCI traded down $0.27 during trading hours on Tuesday, hitting $40.28. The company had a trading volume of 4,260,194 shares, compared to its average volume of 82,852,445. Super Micro Computer has a fifty-two week low of $22.66 and a fifty-two week high of $122.90. The firm has a market cap of $2.25 billion, a P/E ratio of 2.27 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. The business has a fifty day simple moving average of $14.21 and a 200-day simple moving average of $10.64.

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

Institutional Trading of Super Micro Computer

Large investors have recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Super Micro Computer by 128.1% during the fourth quarter. US Bancorp DE now owns 3,942 shares of the company’s stock worth $1,121,000 after buying an additional 2,214 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Super Micro Computer by 558.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 790 shares of the company’s stock worth $225,000 after acquiring an additional 670 shares during the period. TD Asset Management Inc raised its stake in Super Micro Computer by 149.7% during the 4th quarter. TD Asset Management Inc now owns 7,390 shares of the company’s stock valued at $2,101,000 after purchasing an additional 4,430 shares during the last quarter. Stifel Financial Corp boosted its holdings in Super Micro Computer by 14.6% in the 4th quarter. Stifel Financial Corp now owns 19,088 shares of the company’s stock valued at $5,426,000 after purchasing an additional 2,439 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Super Micro Computer by 1.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 11,790 shares of the company’s stock worth $3,351,000 after purchasing an additional 220 shares during 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.