Super Micro Computer (NASDAQ:SMCI) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a sell rating to a hold rating in a research note released on Tuesday.

A number of other analysts have also issued reports on SMCI. Susquehanna boosted their price target on Super Micro Computer from $2.85 to $3.25 and gave the company a negative rating in a report on Monday, July 15th. Mizuho began coverage on Super Micro Computer in a report on Tuesday, September 17th. They set a neutral rating and a $4.50 target price for the company. Wells Fargo & Company lowered their target price on Super Micro Computer from $6.50 to $3.75 and set an equal weight rating for the company in a report on Wednesday, August 28th. Needham & Company LLC began coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a buy rating and a $6.00 target price for the company. Finally, Nomura Securities lowered Super Micro Computer from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of Hold and an average target price of $9.61.

Super Micro Computer Stock Down 0.8 %

Shares of NASDAQ SMCI opened at $41.23 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 2.31 and a beta of 1.23. The stock has a 50 day moving average price of $7.42 and a 200 day moving average price of $8.23. Super Micro Computer has a 52-week low of $22.66 and a 52-week high of $122.90.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The firm had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The firm’s revenue for the quarter was up 142.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. Sell-side analysts expect that Super Micro Computer will post 28.5 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. increased its position in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at $25,000. Bank of New Hampshire acquired a new position in shares of Super Micro Computer in the 1st quarter valued at $35,000. VitalStone Financial LLC increased its position in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock valued at $35,000 after acquiring an additional 25 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.