Super Micro Computer (NASDAQ:SMCI) Cut to Hold at Argus

Argus cut shares of Super Micro Computer (NASDAQ:SMCI) from a buy rating to a hold rating in a report published on Thursday, MarketBeat Ratings reports.

A number of other equities analysts also recently commented on the stock. Nomura Securities downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Susquehanna lifted their price target on shares of Super Micro Computer from $28.50 to $32.50 and gave the company a “negative” rating in a research report on Monday, July 15th. Needham & Company LLC initiated coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. lowered Super Micro Computer from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $95.00 to $50.00 in a research note on Friday, September 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $74.53.

Super Micro Computer Trading Down 10.5 %

SMCI opened at $26.05 on Thursday. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 13.09 and a beta of 1.28. The company’s 50 day simple moving average is $44.64 and its two-hundred day simple moving average is $66.86. Super Micro Computer has a 1-year low of $22.74 and a 1-year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The company 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%. The business’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Analysts expect that Super Micro Computer will post 2.85 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of large investors have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. raised its stake in Super Micro Computer by 400.0% in 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 in the last quarter. Moser Wealth Advisors LLC purchased a new stake in Super Micro Computer during the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted 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 purchasing an additional 24 shares in the last quarter. VitalStone Financial LLC increased 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 valued at $35,000 after purchasing an additional 25 shares during the last quarter. Finally, AlphaCentric Advisors LLC acquired a new stake in Super Micro Computer during the second quarter worth approximately $42,000. Hedge funds and other institutional investors 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.