Super Micro Computer (NASDAQ:SMCI) Stock Rating Lowered by Argus

Super Micro Computer (NASDAQ:SMCI) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat reports.

Several other research firms have also issued reports on SMCI. The Goldman Sachs Group decreased their target price on Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price on the stock. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Cfra restated a “hold” rating and issued a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, Nomura cut Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.53.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $26.05 on Thursday. Super Micro Computer has a 52 week low of $22.74 and a 52 week high of $122.90. The stock’s fifty day moving average is $44.64 and its two-hundred day moving average is $67.01. The company has a market capitalization of $14.57 billion, a P/E ratio of 13.08 and a beta of 1.28. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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 company’s quarterly revenue was up 142.9% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Equities analysts expect that Super Micro Computer will post 2.85 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMCI. GQG Partners LLC purchased a new position in shares of Super Micro Computer in the 1st quarter valued at about $1,325,466,000. Vanguard Group Inc. lifted its position in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares during the period. Finally, American Century Companies Inc. increased its stake in Super Micro Computer by 511.9% in the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after purchasing an additional 110,308 shares in the last quarter. 84.06% of the stock is 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.