Super Micro Computer, Inc. (NASDAQ:SMCI) Given Consensus Rating of “Hold” by Brokerages

Super Micro Computer, Inc. (NASDAQ:SMCI) has been assigned a consensus rating of “Hold” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $725.63.

SMCI has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $950.00 to $500.00 in a research report on Friday, September 6th. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $775.00 to $675.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $450.00 price target for the company. Needham & Company LLC began coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Susquehanna raised their price objective on Super Micro Computer from $285.00 to $325.00 and gave the stock a “negative” rating in a research report on Monday, July 15th.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $419.74 on Monday. The firm has a market capitalization of $23.48 billion, a PE ratio of 23.53 and a beta of 1.24. Super Micro Computer has a 52-week low of $226.59 and a 52-week high of $1,229.00. The stock has a 50-day simple moving average of $538.94 and a two-hundred day simple moving average of $763.12. 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 shares are scheduled to split before the market opens on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly created shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). 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 company’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same period last year, the business posted $3.43 earnings per share. Analysts forecast that Super Micro Computer will post 28.5 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds have recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised 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 worth $25,000 after acquiring an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new stake in Super Micro Computer in the 2nd quarter worth about $25,000. Bank of New Hampshire purchased a new stake in Super Micro Computer during the 1st quarter worth approximately $35,000. VitalStone Financial LLC raised its holdings in shares of Super Micro Computer by 250.0% during the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after acquiring an additional 25 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position 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 valued at $34,000 after acquiring an additional 24 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.