Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2.3% – Time to Buy?

by · The Cerbat Gem

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) shares traded up 2.3% on Friday . The stock traded as high as $47.87 and last traded at $47.55. 10,154,485 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 81,971,219 shares. The stock had previously closed at $46.47.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target for the company. Cfra reiterated a “hold” rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. 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. Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price objective for the company. in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company reduced their price objective 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $72.45.

Get Our Latest Stock Analysis on Super Micro Computer

Super Micro Computer Price Performance

The stock’s 50 day simple moving average is $49.43 and its 200-day simple moving average is $72.80. The firm has a market cap of $26.47 billion, a price-to-earnings ratio of 23.87 and a beta of 1.23. 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 – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.14). The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm’s revenue was up 142.9% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Equities research analysts anticipate that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Large investors have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer in the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. boosted its holdings in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. Bank of New Hampshire purchased a new stake in Super Micro Computer during the first quarter worth $35,000. Finally, VitalStone Financial LLC boosted its holdings in Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after buying an additional 25 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

(Get Free Report)

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.

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