Shares of Super Micro Computer (NASDAQ:SMCI) fell 2.5% after analysts downgraded

Share price of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report ) was down 2.5% during trading on Friday, after Goldman Sachs Group cut their price target on the stock from $775.00 to $675.00. Goldman Sachs Group currently has a neutral rating on the stock. Super Micro Computer traded as high as $492.04 and last traded at $497.14. About 2,378,443 shares traded hands during trading, down 71% from the average daily volume of 8,259,929 shares. Shares previously closed at $509.94.

Several other analysts also recently commented on SMCI. Bank of America downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $1,090.00 to $700.00 in a report on Wednesday. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Wedbush reissued a “neutral” rating and issued a $800.00 price target on shares of Super Micro Computer in a research note on Friday, August 2nd. KeyCorp initiated coverage on shares of Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating on the company. Finally, Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average target price of $911.85.

Check out our latest Super Micro Computer report

Insider buying and selling at Super Micro Computer

In other news, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now directly owns 27,813 shares in the company, valued at $23,339,835.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total value of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at approximately $15,147,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tally C. Liu sold 500 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $839.17, for a total transaction of $419,585.00. Following the completion of the transaction, the director now owns 27,813 shares in the company, valued at approximately $23,339,835.21. The disclosure for this sale can be found here. 17.60% of shares are currently owned by corporate insiders.

Institutional investors weigh in on Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Edgestream Partners LP boosted its stake in Super Micro Computer by 417.4% in the second quarter. Edgestream Partners LP now owns 2,173 shares of the company’s stock valued at $1,780,000 after acquiring an additional 1,753 shares during the period. Moors & Cabot Inc. boosted its position in shares of Super Micro Computer by 87.8% in the second quarter. Moors & Cabot Inc. now owns 4,384 shares of the company’s stock worth $3,592,000 after purchasing an additional 2,050 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in Super Micro Computer by 3.3% in the second quarter. Total Clarity Wealth Management Inc. now owns 903 shares of the company’s stock worth $740,000 after purchasing an additional 29 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Super Micro Computer by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after acquiring an additional 2,011 shares during the last quarter. Finally, JW Cole Advisors Inc. purchased a new stake in shares of Super Micro Computer during the second quarter valued at about $436,000. Hedge funds and other institutional investors own 84.06% of the company’s shares.

Super Micro Computer Trading Down 0.2%

The company has a market cap of $28.46 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.40 and a beta of 1.27. The company’s 50-day moving average price is $787.20 and its 200-day moving average price is $834.54. The company has a current ratio of 4.69, a quick ratio of 2.29, and a debt-to-equity ratio of 0.35.

Super Micro Computer (NASDAQ:SMCI – Get Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 35.06% and a net margin of 8.09%. The company’s quarterly revenue was up 142.9% year over year. In the same quarter last year, the company earned $3.43 per share. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 29.32 EPS for the current fiscal year.

Super Micro Computer Company Profile

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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 full server, storage systems, modular blade servers, blades, workstations, full racks, network devices, server subsystems, server management software and security software.

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