Share price of Super Micro Computer (NASDAQ:SMCI) falls 2.5%

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report ) was down 2.5% during trading on Monday. The stock traded as high as $419.55 and last traded at $437.70. About 10,933,100 shares were traded during trading, up 29% from the average daily volume of 8,458,548 shares. Shares previously closed at $448.82.

Analyst upgrades and downgrades

Several research analysts have recently commented on SMCI shares. Susquehanna upped their price objective on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research note on Monday, July 15th. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the company from $1,090.00 to $700.00 in a research note for Wednesday, August 7. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $840.36, based on data from MarketBeat.

Read our latest research report on SMCI

Price performance super micro computer

The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 24.76 and a beta of 1.24. The stock’s 50-day moving average is $690.80, and its two-hundred-day moving average is $825.45. The company has a quick ratio of 1.93, a current ratio of 3.77, and a debt-to-equity ratio of 0.32.

Super Micro Computer stock will be split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6. The newly minted shares will be issued to shareholders after the closing bell on Monday, September 30.

Super Micro Computer (NASDAQ:SMCI – Get Free Report ) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the company posted earnings of $3.43 per share. The company’s quarterly revenue was up 142.9% year over year. Equities research analysts forecast that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. boosted its holdings in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer in the second quarter valued at $25,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the fourth quarter valued at $33,000. Hazlett Burt & Watson Inc. boosted its holdings in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares in the last quarter. Finally, Bank of New Hampshire acquired a new position in Super Micro Computer during the first quarter valued at $35,000. 84.06% of the shares are held by hedge funds and other institutional investors.

Super Micro Computer Company Profile

(Get a free report)

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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