Super Micro Computer (NASDAQ:SMCI) Stock Rating Reaffirmed by Wedbush

Super Micro Computer (NASDAQ:SMCI - Get Free Report)'s stock had its "neutral" rating reiterated by equities researchers at Wedbush in a note issued to investors on Friday, August 2nd, MarketBeat reports. They presently have a $8.00 price objective on the stock. Wedbush's price target would indicate a potential downside of 80.14% from the stock's current price.

Several other analysts have also recently weighed in on SMCI. Rosenblatt Securities reiterated a "buy" rating and issued a $13.00 price target on shares of Super Micro Computer in a report on Wednesday, May 1st. Loop Capital increased their price target on shares of Super Micro Computer from $6.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Susquehanna lifted their price objective on Super Micro Computer from $2.85 to $3.25 and gave the company a "negative" rating in a research report on Monday, July 15th. The Goldman Sachs Group reduced their target price on Super Micro Computer from $9.37 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, May 1st. Finally, Nomura cut Super Micro Computer from a "buy" rating to a "neutral" rating and set a $9.30 target price for the company. in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.26.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock traded down $0.26 during trading on Friday, hitting $40.29. 2,686,786 shares of the stock traded hands, compared to its average volume of 82,838,227. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 2.27 and a beta of 1.24. Super Micro Computer has a 52 week low of $22.66 and a 52 week high of $122.90. The firm's fifty day moving average is $14.21 and its 200-day moving average is $10.64. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business's revenue for the quarter was up 142.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. Research analysts expect that Super Micro Computer will post 28.5 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Several institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. bought a new position in shares of Super Micro Computer during the second quarter worth $1,105,000. Anchor Investment Management LLC grew its position in shares of Super Micro Computer by 13.7% during the second quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock valued at $265,000 after purchasing an additional 39 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Super Micro Computer by 10,050.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 406 shares of the company's stock valued at $333,000 after purchasing an additional 402 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Super Micro Computer in the second quarter worth about $7,405,000. Finally, New Century Financial Group LLC bought a new position in Super Micro Computer during the second quarter valued at approximately $344,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

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.