Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.3%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose 2.3% during trading on Tuesday . The company traded as high as $464.40 and last traded at $447.83. Approximately 4,598,495 shares traded hands during trading, a decline of 45% from the average daily volume of 8,435,707 shares. The stock had previously closed at $437.70.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on Super Micro Computer from $2.85 to $3.25 and gave the stock a “negative” rating in a research report on Monday, July 15th. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 price target on the stock. in a report on Wednesday, July 10th. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating for the company in a report on Thursday, August 8th. Mizuho initiated coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $4.50 target price on the stock. Finally, Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $6.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.26.

Super Micro Computer Price Performance

The firm has a 50 day moving average of $14.21 and a two-hundred day moving average of $10.64. The company has a market cap of $2.23 billion, a PE ratio of 2.27 and a beta of 1.24. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer’s revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. Research analysts predict that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMCI. Sound Income Strategies LLC increased its position in shares of Super Micro Computer by 14.4% during the first 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 increased its holdings in shares of 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 raised its stake in shares of Super Micro Computer by 10.4% in the second quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after purchasing an additional 14 shares during the last quarter. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 15 shares in the last quarter. Finally, TFC Financial Management Inc. boosted its position in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after buying an additional 15 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other 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.