Super Micro Computer (NASDAQ:SMCI) Now Covered by Analysts at Mizuho

Stock analysts at Mizuho assumed coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report issued on Tuesday, September 17th, MarketBeat.com reports. The brokerage set a “neutral” rating and a $4.50 price target on the stock. Mizuho’s target price points to a potential downside of 88.83% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Susquehanna lifted their price target on shares of Super Micro Computer from $2.85 to $3.25 and gave the company a “negative” rating in a research note on Monday, July 15th. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.90 to $7.00 in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and set a $13.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group lowered their price objective on Super Micro Computer from $7.75 to $6.75 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.26.

Super Micro Computer Trading Down 0.7 %

Shares of NASDAQ SMCI opened at $40.28 on Tuesday. The business has a fifty day moving average price of $14.21 and a 200 day moving average price of $10.64. Super Micro Computer has a 1-year low of $22.66 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. The stock has a market capitalization of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $5.31 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.03 EPS. Equities research analysts expect that Super Micro Computer will post 28.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. grew its stake in Super Micro Computer by 400.0% during 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 acquired a new stake in Super Micro Computer in the 2nd quarter valued at approximately $25,000. FinTrust Capital Advisors LLC bought a new stake in Super Micro Computer during the 4th quarter valued at $33,000. Hazlett Burt & Watson Inc. raised its stake in shares of 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. Finally, Bank of New Hampshire bought a new position in Super Micro Computer in the 1st quarter valued at about $35,000. Institutional investors own 84.06% of the company’s stock.

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.