Super Micro Computer (NASDAQ:SMCI) Sets New 12-Month Low – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares hit a new 52-week low on Monday . The stock traded as low as $23.90 and last traded at $26.55, with a volume of 20089230 shares. The stock had previously closed at $26.05.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SMCI. Wells Fargo & Company reduced their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $50.00 in a research report on Friday, September 6th. Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a research report on Wednesday, July 10th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given 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 target price of $71.33.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $15.49 billion, a PE ratio of 13.91 and a beta of 1.28. The company has a 50-day moving average of $43.93 and a two-hundred day moving average of $66.15.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Super Micro Computer’s revenue was up 142.9% on a year-over-year basis. Sell-side analysts predict that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. Vanguard Group Inc. raised its position in shares of 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 buying an additional 1,265,542 shares during the period. GQG Partners LLC acquired a new stake in Super Micro Computer during the first quarter worth about $1,325,466,000. International Assets Investment Management LLC increased its stake in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after acquiring an additional 915,058 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Super Micro Computer by 1.1% in the 1st quarter. Swiss National Bank now owns 150,600 shares of the company’s stock valued at $152,111,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds 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.