Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.8%

Super Micro Computer, Inc. (NASDAQ:SMCI) shares traded down 0.8% during trading on Thursday . The company traded as low as $406.83 and last traded at $419.98. 2,887,378 shares traded hands during trading, a decline of 66% from the average session volume of 8,421,990 shares. The stock had previously closed at $423.47.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and issued a $8.00 target price on shares of Super Micro Computer in a research note on Friday, August 2nd. Susquehanna raised their target price on shares of Super Micro Computer from $2.85 to $3.25 and gave the stock a “negative” rating in a research report on Monday, July 15th. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Nomura lowered Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 target price for the company. in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.26.

Super Micro Computer Trading Down 1.5 %

The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 2.27 and a beta of 1.24. The business’s 50 day moving average price is $14.21 and its 200-day moving average price is $10.64. 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 (NASDAQ:SMCI) last issued its earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate 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 revenue was up 142.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. Equities analysts expect that Super Micro Computer, Inc. will post 28.5 EPS for the current year.

Institutional Trading of Super Micro Computer

A number of large investors have recently modified their holdings of SMCI. GQG Partners LLC acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $1,325,466,000. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Wolf Hill Capital Management LP bought a new position in Super Micro Computer in the 4th quarter valued at about $77,996,000. American Century Companies Inc. increased its stake in Super Micro Computer by 511.9% during the 2nd 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 during the period. Finally, Schroder Investment Management Group bought a new stake in shares of Super Micro Computer during the 4th quarter worth about $18,641,000. 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.