Super Micro Computer, Inc. (NASDAQ:SMCI) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Tuesday.

Several other equities research analysts also recently weighed in on SMCI. BidaskClub raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reissued a “hold” rating and set a $30.00 target price on shares of Super Micro Computer in a research note on Friday, July 14th. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Maxim Group reissued a “buy” rating and set a $43.00 target price on shares of Super Micro Computer in a research note on Friday, July 21st. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $31.00 price target (down from $33.00) on shares of Super Micro Computer in a research note on Sunday, July 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.38.

Super Micro Computer (NASDAQ SMCI) traded up 0.22% during trading on Tuesday, hitting $22.50. The company had a trading volume of 166,876 shares. Super Micro Computer has a 1-year low of $20.42 and a 1-year high of $31.75. The company’s 50 day moving average price is $24.13 and its 200-day moving average price is $24.87. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.79 and a beta of 0.15.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $717.90 million for the quarter, compared to the consensus estimate of $714.99 million. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. On average, analysts expect that Super Micro Computer will post $1.98 EPS for the current year.

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In related news, Director Hwei-Ming Fred Tsai sold 5,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the director now owns 245,000 shares in the company, valued at approximately $6,639,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.60% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Aperio Group LLC lifted its position in shares of Super Micro Computer by 0.8% during the 2nd quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after purchasing an additional 68 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Super Micro Computer by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock worth $745,000 after purchasing an additional 118 shares during the last quarter. US Bancorp DE lifted its position in shares of Super Micro Computer by 3.0% during the 1st quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after purchasing an additional 176 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Super Micro Computer by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $382,000 after purchasing an additional 200 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Super Micro Computer by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 19,850 shares of the technology company’s stock worth $489,000 after purchasing an additional 200 shares during the last quarter. 77.39% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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