Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.3% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 2.3% during trading on Tuesday . The company traded as low as $25.10 and last traded at $25.42. Approximately 25,250,359 shares were traded during trading, a decline of 69% from the average daily volume of 80,368,242 shares. The stock had previously closed at $26.03.

Analyst Ratings Changes

SMCI has been the subject of several analyst reports. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC initiated coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. The Goldman Sachs Group cut their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Mizuho assumed coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. Three equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

The company has a market cap of $12.70 billion, a price-to-earnings ratio of 11.41 and a beta of 1.28. 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 firm’s 50 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 earnings results on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The firm 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% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 2.85 EPS for the current year.

Institutional Trading of Super Micro Computer

Hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. increased its holdings in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. raised its holdings in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares in the last quarter. VitalStone Financial LLC lifted its stake in Super Micro Computer by 250.0% in the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares during the last quarter. Finally, AlphaCentric Advisors LLC acquired a new position in Super Micro Computer during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.