Recent Investment Analysts’ Ratings Changes for Super Micro Computer (SMCI)

Super Micro Computer (NASDAQ: SMCI) recently received a number of ratings updates from brokerages and research firms:

• 9/23/2024 – Super Micro Computer had its price target lowered by analysts at Loop Capital from $1,500.00 to $1,000.00. They now have a “buy” rating on the stock.
• 9/18/2024 – Super Micro Computer is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $600.00 price target on the stock.
• 9/17/2024 – Super Micro Computer is now covered by analysts at Mizuho. They set a “neutral” rating and a $450.00 price target on the stock.
• 9/6/2024 – Super Micro Computer was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $500.00 price target on the stock, down previously from $950.00.
• 9/4/2024 – Super Micro Computer was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $438.00 price target on the stock, down previously from $693.00.
• 8/28/2024 – Super Micro Computer had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $693.00 price target on the stock.
• 8/28/2024 – Super Micro Computer had its “hold” rating reaffirmed by analysts at Cfra. They now have a $454.00 price target on the stock, down previously from $729.00.
• 8/28/2024 – Super Micro Computer had its price target lowered by analysts at Wells Fargo & Company from $650.00 to $375.00. They now have an “equal weight” rating on the stock.
• 8/8/2024 – Super Micro Computer had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $775.00 to $675.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Super Micro Computer was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $700.00 price target on the stock, down previously from $1,090.00.
• 8/7/2024 – Super Micro Computer had its price target lowered by analysts at Wells Fargo & Company from $890.00 to $650.00. They now have an “equal weight” rating on the stock.
• 8/7/2024 – Super Micro Computer had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $1,300.00 price target on the stock.
• 8/6/2024 – Super Micro Computer had its price target lowered by analysts at JPMorgan Chase & Co. from $1,150.00 to $950.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Super Micro Computer had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $800.00 price target on the stock.

Super Micro Computer Stock Down 1.2 %

Shares of SMCI stock opened at $458.15 on Thursday. Super Micro Computer, Inc. has a one year low of $226.59 and a one year high of $1,229.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a fifty day moving average price of $554.47 and a 200 day moving average price of $770.26. The stock has a market cap of $25.62 billion, a P/E ratio of 25.68 and a beta of 1.24.

Super Micro Computer’s stock is going 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 payable to shareholders after the market closes 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 company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the company posted $3.43 earnings per share. The company’s quarterly revenue was up 142.9% on a year-over-year basis. Analysts predict that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Institutional Trading of Super Micro Computer

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC lifted its position 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 purchasing an additional 13 shares during the period. Invst LLC lifted its holdings in shares of Super Micro Computer by 4.3% during the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after purchasing an additional 14 shares in the last quarter. Byrne Asset Management LLC grew its position in shares of 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 purchasing an additional 14 shares during the period. Versant Capital Management Inc raised its holdings in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after buying an additional 15 shares during the period. Finally, TFC Financial Management Inc. raised its holdings in 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 buying an additional 15 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.