Super Micro Computer (NASDAQ:SMCI) Stock Rating Lowered by StockNews.com

Super Micro Computer (NASDAQ:SMCI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other research firms have also recently weighed in on SMCI. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a research report on Wednesday, July 10th. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Susquehanna increased their price objective on shares of Super Micro Computer from $28.50 to $32.50 and gave the stock a “negative” rating in a research report on Monday, July 15th. The Goldman Sachs Group dropped their target price on Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Cfra reiterated a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $72.45.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $46.47 on Wednesday. Super Micro Computer has a 52-week low of $22.66 and a 52-week high of $122.90. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 2.60 and a beta of 1.23. The firm’s fifty day moving average is $49.43 and its 200 day moving average is $72.80. 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 quarterly earnings results on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business posted $0.34 EPS. The firm’s revenue was up 142.9% on a year-over-year basis. Sell-side analysts forecast that Super Micro Computer will post 2.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% during the second 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 period. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. boosted its position in 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. Bank of New Hampshire purchased a new position in Super Micro Computer in the first quarter valued at about $35,000. Finally, VitalStone Financial LLC raised its holdings in Super Micro Computer by 250.0% in the first quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares in the last quarter. 84.06% of the stock is currently owned by 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.