Super Micro Computer, Inc. (SMCI) Rating Lowered to Neutral at DA Davidson

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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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