Super Micro Computer (NASDAQ:SMCI) Given Neutral Rating at Wedbush

Wedbush restated their neutral rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $32.00 price target on the stock, down from their prior price target of $62.00.

Several other brokerages have also recently weighed in on SMCI. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC started coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Cfra restated a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. cut Super Micro Computer from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $95.00 to $50.00 in a research report on Friday, September 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Down 18.1 %

Super Micro Computer stock opened at $22.70 on Monday. The firm has a market capitalization of $12.70 billion, a P/E ratio of 11.40 and a beta of 1.28. 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 has a twelve month low of $20.20 and a twelve month high of $122.90. The stock’s fifty day simple moving average is $43.36 and its 200-day simple moving average is $65.69.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share 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 analysts’ expectations of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. 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 earned $0.34 EPS. As a group, equities analysts expect that Super Micro Computer will post 2.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently modified their holdings of the business. Accent Capital Management LLC acquired a new stake in Super Micro Computer during the 3rd quarter worth $363,000. Schear Investment Advisers LLC grew its holdings in shares of Super Micro Computer by 54.3% during the third quarter. Schear Investment Advisers LLC now owns 1,526 shares of the company’s stock worth $635,000 after buying an additional 537 shares during the last quarter. LJI Wealth Management LLC purchased a new position in shares of Super Micro Computer during the third quarter worth about $1,200,000. Mizuho Securities USA LLC increased its position in Super Micro Computer by 542.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 25,628 shares of the company’s stock valued at $10,671,000 after acquiring an additional 21,638 shares during the period. Finally, Mizuho Markets Cayman LP purchased a new stake in Super Micro Computer during the 3rd quarter valued at approximately $300,000. 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.