Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.5%

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 0.5% during trading on Monday . The stock traded as low as $433.55 and last traded at $455.05. Approximately 1,841,145 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 8,355,359 shares. The stock had previously closed at $457.16.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SMCI shares. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 price target on the stock. in a research report on Wednesday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $9.50 to $5.00 in a research report on Friday, September 6th. Finally, Susquehanna increased their price objective on Super Micro Computer from $2.85 to $3.25 and gave the stock a “negative” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.26.

Super Micro Computer Trading Down 0.8 %

The stock has a fifty day moving average of $14.21 and a two-hundred day moving average of $10.64. The company has a market capitalization of $2.25 billion, a PE ratio of 2.27 and a beta of 1.24. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the business posted $0.03 earnings per share. The company’s revenue was up 142.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Super Micro Computer, Inc. will post 28.5 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

Large investors have recently modified their holdings of the business. GQG Partners LLC bought a new position in shares of Super Micro Computer during the first quarter valued at approximately $1,325,466,000. Vanguard Group Inc. raised its holdings in Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after purchasing an additional 1,265,542 shares in the last quarter. Wolf Hill Capital Management LP purchased a new stake in shares of Super Micro Computer in the 4th quarter worth about $77,996,000. American Century Companies Inc. boosted its stake in shares of Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after purchasing an additional 110,308 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of Super Micro Computer during the fourth quarter valued at about $18,641,000. 84.06% of the stock is owned by institutional investors.

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.