Shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) were down 5.4% during trading on Tuesday . The stock traded as low as $44.45 and last traded at $45.18. Approximately 55,586,164 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 82,379,313 shares. The stock had previously closed at $47.74.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Nomura downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price target on the stock. in a report on Wednesday, July 10th. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price on the stock. Nomura Securities downgraded Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $50.00 in a research note on Friday, September 6th. Finally, Cfra restated a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. One equities research 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.45.
Super Micro Computer Stock Down 5.0 %
The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $8.91 and its 200 day moving average price is $8.72. The company has a market capitalization of $2.54 billion, a P/E ratio of 2.53 and a beta of 1.23.
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). 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 firm’s revenue for the quarter was up 142.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. As a group, equities research analysts predict 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
Several large investors have recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Super Micro Computer by 14.4% during the first quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after purchasing an additional 13 shares in the last quarter. Invst LLC lifted its holdings in Super Micro Computer by 4.3% during the 1st quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after buying an additional 14 shares in the last quarter. Byrne Asset Management LLC boosted its position in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after buying an additional 14 shares during the last quarter. Versant Capital Management Inc boosted its position in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after buying an additional 15 shares during the last quarter. Finally, TFC Financial Management Inc. raised its position in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after acquiring an additional 15 shares during the last quarter. 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.