Argus downgraded shares of Super Micro Computer (NASDAQ:SMCI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat Ratings reports.
A number of other research analysts have also recently commented on SMCI. Mizuho assumed coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a "neutral" rating and a $45.00 target price on the stock. 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. Needham & Company LLC assumed coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a "buy" rating and a $60.00 price objective on the stock. StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Finally, Cfra reaffirmed a "hold" rating and set a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $74.53.
Read Our Latest Stock Report on SMCI
Super Micro Computer Price Performance
SMCI traded down $3.96 during trading on Thursday, reaching $29.11. The stock had a trading volume of 129,542,275 shares, compared to its average volume of 80,464,125. The stock has a market cap of $16.28 billion, a PE ratio of 14.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a one year low of $22.66 and a one year high of $122.90. The business has a 50-day moving average of $45.33 and a 200-day moving average of $67.30.
Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its 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). The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm's revenue was up 142.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. As a group, equities research analysts anticipate that Super Micro Computer will post 2.85 EPS for the current fiscal year.
Institutional Trading of Super Micro Computer
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Keynote Financial Services LLC purchased a new stake in Super Micro Computer in the third quarter worth about $334,000. Miller Wealth Advisors LLC purchased a new stake in Super Micro Computer in the third quarter worth about $152,000. Clarity Capital Partners LLC lifted its holdings in Super Micro Computer by 141.6% in the third quarter. Clarity Capital Partners LLC now owns 8,846 shares of the company's stock worth $3,683,000 after buying an additional 5,185 shares during the period. Arlington Capital Management Inc. lifted its holdings in Super Micro Computer by 238.9% in the third quarter. Arlington Capital Management Inc. now owns 5,613 shares of the company's stock worth $2,337,000 after buying an additional 3,957 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in Super Micro Computer in the third quarter worth about $682,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.
Super Micro Computer Company Profile
(
Get Free Report)
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.
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