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

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

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $9.50 to $5.00 in a research report on Friday, September 6th. Loop Capital reduced their target price on shares of Super Micro Computer from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Barclays downgraded Super Micro Computer from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $6.93 to $4.38 in a report on Wednesday, September 4th. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 price objective on the stock. in a research note on Wednesday, July 10th. Finally, Bank of America downgraded 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 research report on Wednesday, August 7th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.26.

Super Micro Computer Trading Down 99.0 %

Shares of SMCI stock traded down $4,123.45 on Tuesday, reaching $40.55. 29,821,448 shares of the stock were exchanged, compared to its average volume of 83,267,711. 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 stock has a market cap of $2.27 billion, a P/E ratio of 2.27 and a beta of 1.24. The firm has a 50 day moving average of $14.21 and a two-hundred day moving average of $10.64. Super Micro Computer has a 1-year low of $22.66 and a 1-year high of $122.90.

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

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of SMCI. Acadian Asset Management LLC acquired a new position in shares of Super Micro Computer in the 1st quarter worth approximately $98,000. Vanguard Group Inc. increased its stake in 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. acquired a new stake in shares of Super Micro Computer during the first quarter worth $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings 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 worth $59,180,000 after purchasing an additional 36,795 shares during the period. Finally, Nordea Investment Management AB lifted its position 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 worth $56,420,000 after buying an additional 51,906 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.