Super Micro Computer (NASDAQ:SMCI) Stock Price Up 3.5%

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded up 3.5% during mid-day trading on Friday . The company traded as high as $423.50 and last traded at $416.51. 5,773,249 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 8,332,341 shares. The stock had previously closed at $402.40.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SMCI shares. Susquehanna raised their price objective on shares of Super Micro Computer from $2.85 to $3.25 and gave the stock a “negative” rating in a report on Monday, July 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 7th. Loop Capital decreased their price objective on shares of Super Micro Computer from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Wells Fargo & Company reduced their price target on Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. Finally, Cfra reaffirmed a “hold” rating and issued a $4.54 price objective (down from $7.29) on shares of Super Micro Computer in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $7.26.

Super Micro Computer Price Performance

The stock has a market cap of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24. The company’s 50 day moving average price is $14.21 and its 200-day moving average price is $10.64. 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 (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The company’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 28.5 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. grew its position in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying 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 $25,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during the period. Bank of New Hampshire purchased a new position in shares of Super Micro Computer in the first quarter valued at $35,000. Finally, VitalStone Financial LLC raised its stake in shares of Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after purchasing an additional 25 shares during the period. 84.06% of the stock is owned by 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.