Super Micro Computer Inc. (SMCI) Rating Increased to Hold at Zacks Investment Research
Super Micro Computer Inc. (NASDAQ:SMCI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California. “
Several other analysts also recently weighed in on the company. Stifel Nicolaus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Maxim Group reissued a “buy” rating and issued a $42.00 target price (down from $46.00) on shares of Super Micro Computer in a report on Monday, June 13th. Pacific Crest started coverage on Super Micro Computer in a report on Thursday, July 28th. They issued a “sector weight” rating for the company. Susquehanna reissued a “positive” rating and issued a $33.00 target price on shares of Super Micro Computer in a report on Wednesday, July 6th. Finally, Roth Capital downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their target price for the company from $40.00 to $22.50 in a report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $31.69.
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Shares of Super Micro Computer (NASDAQ:SMCI) opened at 22.12 on Wednesday. The firm has a 50-day moving average price of $21.55 and a 200 day moving average price of $25.95. Super Micro Computer has a one year low of $18.60 and a one year high of $34.69. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.91 and a beta of 0.74.
Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The business had revenue of $524.30 million for the quarter, compared to analyst estimates of $599.48 million. Super Micro Computer had a return on equity of 11.48% and a net margin of 3.54%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. Equities analysts forecast that Super Micro Computer will post $1.37 earnings per share for the current fiscal year.
In other news, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $21.65, for a total transaction of $439,754.80. Following the completion of the transaction, the chief financial officer now directly owns 20,312 shares of the company’s stock, 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 stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $21.51, for a total value of $430,200.00. Following the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at $430,200. The disclosure for this sale can be found here. Insiders own 24.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. PineBridge Investments L.P. increased its position in shares of Super Micro Computer by 5.2% in the second quarter. PineBridge Investments L.P. now owns 4,726 shares of the company’s stock worth $118,000 after buying an additional 233 shares during the period. Teacher Retirement System of Texas increased its position in shares of Super Micro Computer by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,331 shares of the company’s stock worth $132,000 after buying an additional 644 shares during the period. Springbok Capital Management LLC increased its position in shares of Super Micro Computer by 55.0% in the first quarter. Springbok Capital Management LLC now owns 4,100 shares of the company’s stock worth $140,000 after buying an additional 1,454 shares during the period. Mason Street Advisors LLC acquired a new position in shares of Super Micro Computer during the second quarter worth about $181,000. Finally, Origin Asset Management LLP acquired a new position in shares of Super Micro Computer during the first quarter worth about $204,000. 73.25% of the stock is owned by institutional investors and hedge funds.
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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