Analysts Set Super Micro Computer, Inc. (NASDAQ:SMCI) PT at $756.88

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received an average recommendation of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $725.63.

Several equities research analysts have recently commented on SMCI shares. Nomura Securities lowered Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Wedbush reiterated a “neutral” rating and issued a $800.00 price objective on shares of Super Micro Computer in a research report on Friday, August 2nd. Finally, 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.

Super Micro Computer Stock Up 4.3 %

Super Micro Computer stock opened at $419.74 on Monday. The company has a market capitalization of $23.48 billion, a P/E ratio of 23.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a fifty-two week low of $226.59 and a fifty-two week high of $1,229.00. The stock has a 50-day simple moving average of $538.94 and a 200-day simple moving average of $757.31.

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

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 142.9% on a year-over-year basis. During the same quarter last year, the business earned $3.43 earnings per share. Equities research analysts expect that Super Micro Computer will post 28.5 earnings per share for the current year.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. purchased a new position in shares of Super Micro Computer during the 2nd quarter worth about $1,105,000. Anchor Investment Management LLC raised its stake in Super Micro Computer by 13.7% during the second quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock worth $265,000 after purchasing an additional 39 shares during the period. Newbridge Financial Services Group Inc. boosted its holdings in shares of Super Micro Computer by 10,050.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 406 shares of the company’s stock valued at $333,000 after purchasing an additional 402 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at $7,405,000. Finally, New Century Financial Group LLC acquired a new stake in shares of Super Micro Computer during the 2nd quarter worth $344,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.