Super Micro Computer (NASDAQ:SMCI) Shares Up 1.7%

Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 1.7% during mid-day trading on Friday . The stock traded as high as $448.26 and last traded at $444.70. 1,485,878 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,272,285 shares. The stock had previously closed at $437.20.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the stock from $1,090.00 to $700.00 in a report on Wednesday, August 7th. Barclays lowered Super Micro Computer from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $693.00 to $438.00 in a research report on Wednesday, September 4th. Wedbush restated a “neutral” rating and set a $800.00 price objective on shares of Super Micro Computer in a research report on Friday, August 2nd. 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 note on Wednesday, August 28th. Finally, Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $756.88.

Super Micro Computer Trading Up 3.9 %

The business has a 50 day moving average of $596.63 and a two-hundred day moving average of $793.39. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 24.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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

Super Micro Computer (NASDAQ:SMCI) last issued its 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 firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the business earned $3.43 earnings per share. Super Micro Computer’s revenue for the quarter was up 142.9% on a year-over-year basis. Equities analysts predict that Super Micro Computer, Inc. will post 28.5 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC lifted its stake in Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Invst LLC grew its position in Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after purchasing an additional 14 shares in the last quarter. Byrne Asset Management LLC increased its stake in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after buying an additional 14 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after acquiring an additional 15 shares during the last quarter. Finally, TFC Financial Management Inc. raised its stake in shares of Super Micro Computer by 23.1% during the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.