Super Micro Computer, Inc. (NASDAQ:SMCI) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report released on Monday. They currently have a $27.00 price target on the technology company’s stock, down from their previous price target of $33.00. DA Davidson’s price target indicates a potential upside of 28.57% from the stock’s previous close.
A number of other equities research analysts also recently commented on SMCI. Stifel Nicolaus set a $30.00 target price on Super Micro Computer and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Maxim Group reiterated a “buy” rating and issued a $43.00 target price on shares of Super Micro Computer in a research report on Friday, July 21st. ValuEngine downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. KeyCorp reiterated a “hold” rating on shares of Super Micro Computer in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $29.63.
Super Micro Computer (NASDAQ:SMCI) opened at 21.00 on Monday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 15.67 and a beta of 0.18. The stock’s 50 day moving average price is $26.27 and its 200 day moving average price is $25.21. Super Micro Computer has a 12 month low of $20.42 and a 12 month high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The business had revenue of $717.90 million for the quarter, compared to the consensus estimate of $714.99 million. During the same period in the previous year, the business earned $0.20 earnings per share. The business’s revenue was up 36.9% on a year-over-year basis. Equities research analysts anticipate that Super Micro Computer will post $2.03 earnings per share for the current fiscal year.
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In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the sale, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. BlackRock Inc. increased its stake in Super Micro Computer by 46,673.4% during the first quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock worth $121,025,000 after acquiring an additional 4,763,953 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Super Micro Computer by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after acquiring an additional 482,667 shares during the last quarter. United Services Automobile Association increased its stake in Super Micro Computer by 346.3% during the first quarter. United Services Automobile Association now owns 535,500 shares of the technology company’s stock worth $13,575,000 after acquiring an additional 415,500 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Super Micro Computer by 229.8% during the first quarter. Nuveen Asset Management LLC now owns 535,604 shares of the technology company’s stock worth $13,578,000 after acquiring an additional 373,192 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in Super Micro Computer by 52.7% during the first quarter. Kennedy Capital Management Inc. now owns 840,097 shares of the technology company’s stock worth $21,296,000 after acquiring an additional 290,066 shares during the last quarter. 77.39% of the stock is currently owned by institutional investors.
Super Micro Computer Company Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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