Super Micro Computer’s (SMCI) “Neutral” Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Wedbush currently has a $32.00 price objective on the stock, down from their previous price objective of $62.00.

A number of other equities research analysts have also issued reports on SMCI. Loop Capital dropped their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Barclays cut their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price on the stock. The Goldman Sachs Group cut their price target on Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Nomura Securities lowered Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Down 18.1 %

SMCI opened at $22.70 on Monday. The company has a quick ratio of 1.93, a current ratio of 3.77 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 company has a market cap of $12.70 billion, a PE ratio of 11.40 and a beta of 1.28. The company has a 50-day moving average price of $43.36 and a 200 day moving average price of $65.69.

Super Micro Computer (NASDAQ:SMCI) last released its 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). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the business earned $0.34 EPS. The business’s revenue was up 142.9% compared to the same quarter last year. Sell-side analysts expect that Super Micro Computer will post 2.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently made changes to their positions in SMCI. Acadian Asset Management LLC acquired a new stake in Super Micro Computer in the 1st quarter valued at approximately $98,000. Vanguard Group Inc. boosted its position 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 worth $6,256,739,000 after buying an additional 1,265,542 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Super Micro Computer by 168.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock valued at $59,180,000 after buying an additional 36,795 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Super Micro Computer by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 15,432 shares of the company’s stock valued at $12,644,000 after buying an additional 3,064 shares during the period. Finally, SlateStone Wealth LLC acquired a new position in Super Micro Computer during the 2nd quarter worth about $683,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.