Super Micro Computer Inc. (SMCI) Trading 3.1% Higher
Super Micro Computer Inc. (NASDAQ:SMCI) shares traded up 3.1% on Tuesday . The stock traded as high as $22.42 and last traded at $22.39, with a volume of 124,784 shares traded. The stock had previously closed at $21.72.
Several research analysts have recently weighed in on the company. TheStreet cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Roth Capital cut Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $40.00 to $22.50 in a research report on Friday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Super Micro Computer in a research report on Friday, August 5th. Pacific Crest assumed coverage on Super Micro Computer in a research report on Thursday, July 28th. They set a “sector weight” rating for the company. Finally, DA Davidson cut Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $19.00 in a research report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.69.
The stock’s 50 day moving average is $21.53 and its 200-day moving average is $26.02. The firm has a market cap of $1.08 billion, a PE ratio of 15.91 and a beta of 0.74.
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Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. The business earned $524.30 million during the quarter, compared to the consensus estimate of $599.48 million. During the same period last year, the business posted $0.57 earnings per share. The business’s revenue was down 8.6% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer Inc. will post $1.38 EPS for the current fiscal year.
In other news, CFO Howard Hideshima sold 20,312 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total value of $439,754.80. Following the completion of the sale, the chief financial officer now directly owns 20,312 shares in the company, valued at approximately $439,754.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Yih-Shyan Wally Liaw sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $21.51, for a total value of $430,200.00. Following the completion of the sale, the insider now owns 20,000 shares of the company’s stock, valued at $430,200. The disclosure for this sale can be found here. 24.00% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in shares of Super Micro Computer by 0.8% in the second quarter. Macquarie Group Ltd. now owns 1,287,490 shares of the company’s stock valued at $31,994,000 after buying an additional 10,035 shares in the last quarter. Mason Street Advisors LLC bought a new position in Super Micro Computer during the second quarter worth about $181,000. Royal Bank of Canada increased its position in Super Micro Computer by 35.7% in the second quarter. Royal Bank of Canada now owns 20,988 shares of the company’s stock worth $522,000 after buying an additional 5,525 shares during the period. Schwab Charles Investment Management Inc. increased its position in Super Micro Computer by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 169,958 shares of the company’s stock worth $4,224,000 after buying an additional 13,407 shares during the period. Finally, Stifel Financial Corp increased its position in Super Micro Computer by 4.4% in the second quarter. Stifel Financial Corp now owns 105,467 shares of the company’s stock worth $2,622,000 after buying an additional 4,450 shares during the period. Institutional investors own 73.25% of the company’s stock.
Super Micro Computer Company Profile
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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