Super Micro Computer (NASDAQ:SMCI) Shares Up 2%

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was up 2% during trading on Wednesday . The company traded as high as $460.95 and last traded at $448.02. Approximately 2,306,424 shares changed hands during trading, a decline of 72% from the average daily volume of 8,309,287 shares. The stock had previously closed at $439.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SMCI shares. Nomura Securities cut shares of Super Micro Computer from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Wells Fargo & Company decreased their target price on shares of Super Micro Computer from $650.00 to $375.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 28th. Barclays cut shares of Super Micro Computer from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $693.00 to $438.00 in a research report on Wednesday, September 4th. Bank of America cut shares of Super Micro Computer from a "buy" rating to a "neutral" rating and decreased their target price for the company from $1,090.00 to $700.00 in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $775.00 to $675.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $756.88.

Super Micro Computer Price Performance

The stock has a market cap of $24.43 billion, a price-to-earnings ratio of 24.49 and a beta of 1.24. The stock's 50 day moving average price is $596.63 and its two-hundred day moving average price is $793.39. 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 shares are set to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly issued shares will be issued to shareholders after the market closes on Monday, September 30th.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). The firm 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 firm's quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.43 EPS. Equities research analysts forecast that Super Micro Computer, Inc. will post 28.5 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GQG Partners LLC acquired a new stake in shares of Super Micro Computer in the first quarter valued at about $1,325,466,000. Vanguard Group Inc. grew its position in shares of Super Micro Computer by 25.7% in the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company's stock valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Norges Bank acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $95,211,000. Wolf Hill Capital Management LP acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $77,996,000. Finally, American Century Companies Inc. grew its position in shares of Super Micro Computer by 511.9% in the second 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 during the period. Institutional investors and hedge funds 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.