Super Micro Computer (NASDAQ:SMCI) PT Lowered to $42.00

Super Micro Computer (NASDAQ:SMCI) had its price target reduced by stock analysts at Barclays from $438.00 to $42.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 1.08% from the stock’s previous close.

SMCI has been the subject of several other research reports. Wells Fargo & Company decreased their price objective on Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Nomura Securities lowered Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.90 to $7.00 in a report on Wednesday, August 7th. Finally, Wedbush reissued a “neutral” rating and issued a $8.00 price objective on shares of Super Micro Computer in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.61.

Super Micro Computer Trading Down 1.1 %

NASDAQ SMCI opened at $41.55 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 2.33 and a beta of 1.23. Super Micro Computer has a one year low of $22.66 and a one year high of $122.90. 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 business’s fifty day moving average is $15.60 and its 200-day moving average is $11.07.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farmers & Merchants Investments Inc. grew its holdings in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter worth about $25,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. Bank of New Hampshire purchased a new position in shares of Super Micro Computer during the first quarter worth about $35,000. Finally, VitalStone Financial LLC grew its holdings in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors 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.