Mizuho Begins Coverage on Super Micro Computer (NASDAQ:SMCI)

Mizuho assumed coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a neutral rating and a $450.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Nomura lowered Super Micro Computer from a buy rating to a neutral rating and set a $930.00 price objective on the stock. in a research report on Wednesday, July 10th. Nomura Securities lowered Super Micro Computer from a strong-buy rating to a hold rating in a research report on Wednesday, July 10th. Cfra restated a hold rating and set a $454.00 target price (down from $729.00) on shares of Super Micro Computer in a report on Wednesday, August 28th. The Goldman Sachs Group dropped their target price on Super Micro Computer from $775.00 to $675.00 and set a neutral rating for the company in a report on Thursday, August 8th. Finally, Barclays cut Super Micro Computer from an overweight rating to an equal weight rating and dropped their target price for the company from $693.00 to $438.00 in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $756.88.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $457.27 on Tuesday. The firm has a market capitalization of $25.58 billion, a P/E ratio of 25.63 and a beta of 1.24. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $578.53 and its two-hundred day simple moving average is $786.63. Super Micro Computer has a twelve month low of $226.59 and a twelve month high of $1,229.00.

Super Micro Computer’s stock is set to split on the morning of Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly issued shares will be issued to shareholders after the market closes on Monday, September 30th.

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

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its holdings in Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after buying an additional 13 shares during the period. Invst LLC raised its position in shares of Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after acquiring an additional 14 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after acquiring an additional 14 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares in the last quarter. Finally, TFC Financial Management Inc. raised its position in shares of Super Micro Computer by 23.1% in the 1st quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock worth $81,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.