Super Micro Computer (NASDAQ:SMCI) Shares Up 5.6% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 5.6% during trading on Monday . The company traded as high as $27.62 and last traded at $27.51. 45,694,289 shares traded hands during trading, a decline of 43% from the average session volume of 80,409,375 shares. The stock had previously closed at $26.05.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SMCI shares. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Mizuho started coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price on the stock. Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price on the stock. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 target price on the stock. in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.33.

Super Micro Computer Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 13.19 and a beta of 1.28. The firm’s fifty day simple moving average is $44.64 and its 200 day simple moving average is $66.64.

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

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. GQG Partners LLC bought a new position in shares of Super Micro Computer during the 1st quarter worth approximately $1,325,466,000. Vanguard Group Inc. grew its stake in shares of Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after buying an additional 1,265,542 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after buying an additional 915,058 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Super Micro Computer by 1,169.5% in the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after buying an additional 124,062 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after buying an additional 110,308 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

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.