Mizuho Begins Coverage on Super Micro Computer (NASDAQ:SMCI)

Mizuho assumed coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $450.00 target price on the stock.

Other research analysts have also issued research reports about the company. Nomura Securities lowered Super Micro Computer from a strong-buy rating to a hold rating in a research report on Wednesday, July 10th. Cfra reaffirmed a hold rating and set a $454.00 price objective (down previously from $729.00) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Rosenblatt Securities reaffirmed a buy rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. Barclays lowered Super Micro Computer from an overweight rating to an equal weight rating and reduced their target price for the stock from $693.00 to $438.00 in a report on Wednesday, September 4th. Finally, Wedbush reissued a neutral rating and issued a $800.00 target price on shares of Super Micro Computer in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of Hold and a consensus target price of $756.88.

Super Micro Computer Stock Up 4.6 %

Shares of NASDAQ:SMCI opened at $457.27 on Tuesday. Super Micro Computer has a 52-week low of $226.59 and a 52-week high of $1,229.00. 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 has a market capitalization of $25.58 billion, a P/E ratio of 25.63 and a beta of 1.24. The stock has a 50 day moving average price of $578.53 and a 200-day moving average price of $786.63.

Super Micro Computer’s stock is set 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 payable to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data 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). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the business earned $3.43 EPS. The firm’s quarterly revenue was up 142.9% on a year-over-year basis. As a group, equities research analysts anticipate that Super Micro Computer will post 28.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its stake 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 worth $25,000 after buying an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer in the 2nd quarter worth $25,000. Bank of New Hampshire purchased a new position in shares of Super Micro Computer in the 1st quarter worth $35,000. VitalStone Financial LLC boosted its stake in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after buying an additional 25 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. 84.06% of the stock is currently 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.