Super Micro Computer (NASDAQ:SMCI) Shares Scheduled to Split on Tuesday, October 1st

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) are set to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly issued shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $419.74 on Friday. The stock has a market cap of $23.48 billion, a PE ratio of 23.53 and a beta of 1.24. The company’s fifty day moving average is $538.94 and its 200 day moving average is $760.32. Super Micro Computer has a 52 week low of $226.59 and a 52 week high of $1,229.00. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38). The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. Super Micro Computer’s revenue for the quarter was up 142.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.43 EPS. Research analysts anticipate that Super Micro Computer will post 28.5 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Super Micro Computer from $285.00 to $325.00 and gave the company a “negative” rating in a research report on Monday, July 15th. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective on the stock. in a research report on Wednesday, July 10th. Nomura Securities cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $450.00 price objective on the stock. Finally, Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the company from $1,090.00 to $700.00 in a research report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $725.63.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in Super Micro Computer during the first quarter worth about $98,000. Vanguard Group Inc. boosted its stake in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after acquiring an additional 1,265,542 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Super Micro Computer in the first quarter worth approximately $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Super Micro Computer by 168.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock worth $59,180,000 after buying an additional 36,795 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Super Micro Computer by 1,516.8% in the first quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after buying an additional 51,906 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.