Super Micro Computer (NASDAQ:SMCI) Shares to Split on Tuesday, October 1st

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) are going to split before the market opens on 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 Stock Performance

Shares of SMCI stock opened at $457.27 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a one year low of $226.59 and a one year high of $1,229.00. The business’s 50 day simple moving average is $578.53 and its 200 day simple moving average is $784.50. The stock has a market capitalization of $25.58 billion, a PE ratio of 25.63 and a beta of 1.24.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the company posted $3.43 earnings per share. The company’s revenue for the quarter was up 142.9% compared to the same quarter last year. As a group, research analysts forecast that Super Micro Computer will post 28.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research analyst reports. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $600.00 price objective on the stock. 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 note on Thursday, August 8th. Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 target price on the stock. in a research report on Wednesday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. downgraded shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $950.00 to $500.00 in a report on Friday, September 6th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $756.88.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently made changes to their positions in SMCI. Norges Bank purchased a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $95,211,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Super Micro Computer in the fourth quarter valued at $391,000. Coldstream Capital Management Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $212,000. Wells Fargo & Company MN grew its stake in shares of Super Micro Computer by 13.2% during the 4th quarter. Wells Fargo & Company MN now owns 168,873 shares of the company’s stock worth $48,004,000 after acquiring an additional 19,685 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in Super Micro Computer by 43.5% in the 4th quarter. D.A. Davidson & CO. now owns 2,591 shares of the company’s stock worth $737,000 after acquiring an additional 786 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.