Super Micro Computer (NASDAQ:SMCI) Trading Down 3.1% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 3.1% on Friday . The company traded as low as $23.76 and last traded at $24.68. 31,937,678 shares were traded during mid-day trading, a decline of 60% from the average session volume of 80,752,273 shares. The stock had previously closed at $25.48.

Analyst Ratings Changes

A number of brokerages recently commented on SMCI. Susquehanna increased their price target on Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a research report on Monday, July 15th. Wells Fargo & Company lowered their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Loop Capital decreased their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $50.00 to $23.00 in a research note on Wednesday. Finally, Needham & Company LLC assumed coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Down 2.9 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market cap of $13.84 billion, a PE ratio of 12.39 and a beta of 1.28. The stock’s 50 day simple moving average is $42.34 and its 200 day simple moving average is $65.07.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. lifted its stake in Super Micro Computer by 400.0% in 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 during the last quarter. Moser Wealth Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. increased its stake 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 valued at $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the second quarter worth $42,000. Finally, Larson Financial Group LLC boosted its holdings in Super Micro Computer by 186.7% in the first quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after acquiring an additional 28 shares in the last quarter. 84.06% of the stock is currently owned by 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.