Super Micro Computer (NASDAQ:SMCI) Downgraded by StockNews.com

StockNews.com downgraded shares of Super Micro Computer (NASDAQ:SMCI - Free Report) from a hold rating to a sell rating in a report issued on Wednesday morning.

A number of other research firms have also weighed in on SMCI. Wedbush reissued a neutral rating and set a $80.00 price objective on shares of Super Micro Computer in a research note on Friday, August 2nd. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a neutral rating and a $45.00 price target for the company. Loop Capital decreased their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a buy rating on the stock in a research report on Monday, September 23rd. Rosenblatt Securities reaffirmed a buy rating and set a $130.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, Nomura cut Super Micro Computer from a buy rating to a neutral rating and set a $93.00 target price on the stock. in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of Hold and an average target price of $72.45.

Super Micro Computer Trading Up 4.3 %

Shares of Super Micro Computer stock traded up $1.94 during trading on Wednesday, reaching $47.29. The company's stock had a trading volume of 65,203,844 shares, compared to its average volume of 82,550,719. 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 has a 52-week low of $22.66 and a 52-week high of $122.90. The firm's 50-day moving average is $50.29 and its two-hundred day moving average is $73.34. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 2.67 and a beta of 1.23.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share (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 company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the business posted $0.34 earnings per share. The firm's quarterly revenue was up 142.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Super Micro Computer will post 2.85 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its holdings in shares of Super Micro Computer by 14.4% during the first quarter. Sound Income Strategies LLC now owns 103 shares of the company's stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Invst LLC increased its stake in Super Micro Computer by 4.3% during the 1st quarter. Invst LLC now owns 337 shares of the company's stock valued at $350,000 after purchasing an additional 14 shares in the last quarter. Byrne Asset Management LLC raised its holdings in Super Micro Computer by 10.4% in the second quarter. Byrne Asset Management LLC now owns 148 shares of the company's stock worth $132,000 after buying an additional 14 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Super Micro Computer by 42.9% in the first quarter. Versant Capital Management Inc now owns 50 shares of the company's stock worth $51,000 after buying an additional 15 shares in the last quarter. Finally, TFC Financial Management Inc. grew its holdings in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company's stock valued at $81,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Company Profile

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.