Super Micro Computer, Inc. (SMCI) Lowered to “Sell” at Zacks Investment Research
Super Micro Computer, Inc. (NASDAQ:SMCI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “
SMCI has been the topic of a number of other reports. Susquehanna Bancshares Inc lowered shares of Super Micro Computer from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $23.00 in a research note on Tuesday, September 19th. BidaskClub raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. DA Davidson lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $27.00 in a research report on Monday, September 18th. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Super Micro Computer in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.38.
Super Micro Computer (SMCI) traded up 0.22% during mid-day trading on Wednesday, reaching $22.60. 118,243 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $24.89. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 14.39 and a beta of 0.15. Super Micro Computer has a 12 month low of $20.42 and a 12 month high of $31.75.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. During the same period in the prior year, the company posted $0.20 earnings per share. Super Micro Computer’s revenue for the quarter was up 36.9% compared to the same quarter last year. Analysts anticipate that Super Micro Computer will post $1.98 earnings per share for the current year.
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In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the sale, the director now directly owns 245,000 shares of the company’s stock, valued at approximately $6,639,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 24.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Super Micro Computer by 46,673.4% in the 1st quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock worth $121,025,000 after purchasing an additional 4,763,953 shares during the period. Dimensional Fund Advisors LP increased its holdings in Super Micro Computer by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after acquiring an additional 482,667 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Super Micro Computer by 229.8% in the 1st quarter. Nuveen Asset Management LLC now owns 535,604 shares of the technology company’s stock worth $13,578,000 after acquiring an additional 373,192 shares in the last quarter. Royce & Associates LP increased its holdings in Super Micro Computer by 56.2% in the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock worth $18,174,000 after acquiring an additional 265,164 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Super Micro Computer by 224.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 300,275 shares of the technology company’s stock worth $7,402,000 after acquiring an additional 207,714 shares in the last quarter. Institutional investors and hedge funds own 77.39% of the company’s stock.
About Super Micro Computer
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/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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