Susquehanna Bancshares cut shares of Super Micro Computer (NASDAQ:SMCI – Get Rating) to a neutral rating in a research report sent to investors on Monday, Stock Target Advisor reports. They currently have $55.00 price target on the stock.
Other equities research analysts also recently issued reports about the stock. Northland Securities boosted their target price on shares of Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st. Susquehanna downgraded shares of Super Micro Computer from a positive rating to a neutral rating and set a $55.00 target price for the company. in a report on Monday.
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Super Micro Computer Stock Performance
Shares of NASDAQ SMCI opened at $57.97 on Monday. The company has a market cap of $3.03 billion, a PE ratio of 10.96 and a beta of 1.27. Super Micro Computer has a 12 month low of $34.11 and a 12 month high of $74.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 0.86. The company has a 50-day simple moving average of $59.64 and a 200-day simple moving average of $49.64.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.39. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Super Micro Computer had a net
margin of 5.49% and a return on equity of 22.79%. The company's quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, equities analysts anticipate that Super Micro Computer will post 6.92 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in Super Micro Computer during the second quarter valued at approximately $47,000. C M Bidwell & Associates Ltd. acquired a new position in Super Micro Computer during the second quarter valued at approximately $56,000. Captrust Financial Advisors lifted its position in Super Micro Computer by 31.5% during the second quarter. Captrust Financial Advisors now owns 1,415 shares of the company's stock valued at $57,000 after buying an additional 339 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Super Micro Computer by 21.1% during the first quarter. Great West Life Assurance Co. Can now owns 2,829 shares of the company's stock valued at $114,000 after buying an additional 493 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Super Micro Computer during the second quarter valued at approximately $123,000. 73.61% of the stock is owned by institutional investors and hedge funds.
About Super Micro Computer
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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.
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