Super Micro Computer (NASDAQ:SMCI) Stock Price Down 4% - What's Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) fell 4% on Friday . The company traded as low as $26.51 and last traded at $27.95. 36,698,141 shares were traded during mid-day trading, a decline of 54% from the average session volume of 80,244,523 shares. The stock had previously closed at $29.11.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SMCI. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday. Nomura downgraded Super Micro Computer from a "buy" rating to a "neutral" rating and set a $93.00 price target on the stock. in a research note on Wednesday, July 10th. 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 target on the stock. Loop Capital dropped their price target on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. Finally, Wells Fargo & Company dropped their price target on Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating on the stock in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $74.53.

Super Micro Computer Trading Down 10.5 %

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $14.57 billion, a PE ratio of 13.72 and a beta of 1.23. The firm has a 50 day moving average price of $45.33 and a 200 day moving average price of $67.30.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued 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). The business had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business's revenue was up 142.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. Equities analysts expect that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. Vanguard Group Inc. grew its holdings in Super Micro Computer by 25.7% during 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. GQG Partners LLC bought a new position in Super Micro Computer during the first quarter valued at $1,325,466,000. International Assets Investment Management LLC grew its holdings in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock valued at $381,629,000 after purchasing an additional 915,058 shares during the period. Dimensional Fund Advisors LP grew its holdings in Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company's stock valued at $283,609,000 after purchasing an additional 2,011 shares during the period. Finally, Swiss National Bank grew its holdings in Super Micro Computer by 1.1% during the first quarter. Swiss National Bank now owns 150,600 shares of the company's stock valued at $152,111,000 after purchasing an additional 1,700 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.