Super Micro Computer (NASDAQ:SMCI) Downgraded by Susquehanna Bancshares to “Neutral”

Susquehanna Bancshares downgraded shares of Super Micro Computer (NASDAQ:SMCIGet Rating) to a neutral rating in a research report released on Monday, Stock Target Advisor reports. The brokerage currently has $55.00 price target on the stock.

Several other research firms have also recently weighed in on SMCI. Susquehanna cut shares of Super Micro Computer from a positive rating to a neutral rating and set a $55.00 price target for the company. in a research note on Monday. Northland Securities increased their price target on shares of Super Micro Computer from $85.00 to $97.00 in a research note on Thursday, July 21st.

Super Micro Computer Stock Down 7.0 %

Shares of NASDAQ SMCI opened at $57.97 on Monday. Super Micro Computer has a 12-month low of $34.11 and a 12-month high of $74.93. The stock has a market cap of $3.03 billion, a PE ratio of 10.96 and a beta of 1.27. The company has a current ratio of 1.91, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $59.64 and a 200 day moving average of $49.64.

Super Micro Computer (NASDAQ:SMCIGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.39. Super Micro Computer had a net margin of 5.49% and a return on equity of 22.79%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the company earned $0.75 EPS. Super Micro Computer’s revenue was up 52.8% compared to the same quarter last year. As a group, sell-side analysts predict that Super Micro Computer will post 6.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Large investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new position in shares of Super Micro Computer in the 2nd quarter worth approximately $47,000. C M Bidwell & Associates Ltd. acquired a new stake in Super Micro Computer during the 2nd quarter worth approximately $56,000. Captrust Financial Advisors lifted its holdings in Super Micro Computer by 31.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,415 shares of the company’s stock worth $57,000 after buying an additional 339 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Super Micro Computer by 21.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company’s stock worth $114,000 after buying an additional 493 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Super Micro Computer during the 2nd quarter worth approximately $123,000. 73.61% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Company Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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