Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) gapped down prior to trading on Monday . The stock had previously closed at $62.30, but opened at $58.18. Super Micro Computer shares last traded at $58.16, with a volume of 2,621 shares traded.
Analyst Ratings Changes
A number of analysts recently issued reports on SMCI shares. Susquehanna cut Super Micro Computer from a "positive" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research report on Monday. Northland Securities lifted their price target on Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st. Finally, Susquehanna Bancshares downgraded Super Micro Computer to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Monday.
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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 stock has a market capitalization of $2.92 billion, a P/E ratio of 10.55 and a beta of 1.27. The stock's fifty day moving average is $59.94 and its 200-day moving average is $49.69.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.39. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Super Micro Computer had a return on equity of 22.79% and a net margin of 5.49%. The firm's revenue was up 52.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. On average, equities analysts anticipate that Super Micro Computer, Inc. will post 6.92 earnings per share for the current year.Hedge Funds Weigh In On Super Micro Computer
A number of institutional investors have recently modified their holdings of the company. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Super Micro Computer by 1.7% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 4,512,092 shares of the company's stock worth $171,775,000 after buying an additional 77,339 shares during the period. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company's stock valued at $168,077,000 after acquiring an additional 66,035 shares during the period. BlackRock Inc. grew its position in shares of Super Micro Computer by 8.7% in the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock valued at $131,163,000 after purchasing an additional 275,725 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company's stock worth $62,035,000 after purchasing an additional 171,335 shares during the period. Finally, Hawk Ridge Capital Management LP lifted its position in shares of Super Micro Computer by 2.2% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,619,061 shares of the company's stock worth $61,638,000 after purchasing an additional 34,900 shares during the last quarter. Institutional investors own 73.61% of the company's stock.
Super Micro Computer Company Profile
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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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