Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Update

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 94,850,000 shares, a growth of 987.7% from the September 15th total of 8,720,000 shares. Based on an average daily trading volume, of 76,880,000 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. lifted its position 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 acquired a new position in Super Micro Computer in the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. boosted its position in Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the last quarter. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer during the first quarter valued at about $35,000. Finally, VitalStone Financial LLC lifted its stake in shares of Super Micro Computer by 250.0% in the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SMCI shares. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a research note on Wednesday, July 10th. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Barclays lowered their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Finally, Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and cut their target price for the stock from $109.00 to $70.00 in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.45.

Super Micro Computer Trading Up 2.9 %

NASDAQ SMCI traded up $1.33 during mid-day trading on Friday, hitting $47.80. The company’s stock had a trading volume of 40,686,458 shares, compared to its average volume of 82,125,938. 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 52-week low of $22.66 and a 52-week high of $122.90. The stock’s fifty day simple moving average is $49.43 and its two-hundred day simple moving average is $72.80. The firm has a market capitalization of $26.74 billion, a P/E ratio of 23.87 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.14). The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business’s revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Research analysts expect that Super Micro Computer will post 2.85 EPS for the current year.

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.