Super Micro Computer (NASDAQ:SMCI) Coverage Initiated by Analysts at Needham & Company LLC

Equities research analysts at Needham & Company LLC initiated coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm set a “buy” rating and a $600.00 price target on the stock. Needham & Company LLC’s target price would suggest a potential upside of 36.56% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price target for the company. in a report on Wednesday, July 10th. Wedbush reiterated a “neutral” rating and set a $800.00 target price on shares of Super Micro Computer in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price objective on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Susquehanna lifted their target price on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research report on Monday, July 15th. Finally, The Goldman Sachs Group reduced their price objective on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $756.88.

Super Micro Computer Trading Down 2.2 %

Super Micro Computer stock opened at $439.38 on Wednesday. Super Micro Computer has a one year low of $226.59 and a one year high of $1,229.00. The company’s fifty day moving average price is $605.89 and its two-hundred day moving average price is $795.90. 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 company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 24.63 and a beta of 1.24.

Super Micro Computer’s stock is going to split on the morning of Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly issued shares will be payable to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last announced 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 for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the company earned $3.43 EPS. The firm’s revenue for the quarter was up 142.9% compared to the same quarter last year. On average, analysts forecast that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. GQG Partners LLC acquired a new position in shares of Super Micro Computer during the first quarter worth approximately $1,325,466,000. Dimensional Fund Advisors LP grew its stake in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares during the last quarter. Norges Bank acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $95,211,000. Finally, Wolf Hill Capital Management LP bought a new position in Super Micro Computer in the 4th quarter worth approximately $77,996,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.