Super Micro Computer (NASDAQ:SMCI) Stock Price Up 0.1% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $42.92 and last traded at $41.58. 14,220,778 shares were traded during trading, a decline of 83% from the average session volume of 82,314,672 shares. The stock had previously closed at $41.55.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from an “overweight” rating to a “neutral” rating and cut their target price for the company from $9.50 to $5.00 in a research note on Friday, September 6th. Needham & Company LLC assumed coverage on Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Rosenblatt Securities reissued a “buy” rating and set a $13.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $9.61.

Super Micro Computer Price Performance

The company has a market capitalization of $23.06 billion, a P/E ratio of 2.31 and a beta of 1.23. The company’s 50-day simple moving average is $8.10 and its 200 day simple moving average is $8.46. 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 quarterly earnings data 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). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 142.9% on a year-over-year basis. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 2.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in Super Micro Computer during the first quarter valued at approximately $98,000. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after buying an additional 1,265,542 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in Super Micro Computer in the 1st quarter valued at $1,423,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Super Micro Computer by 168.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,592 shares of the company’s stock worth $59,180,000 after acquiring an additional 36,795 shares during the period. Finally, Nordea Investment Management AB lifted its position in Super Micro Computer by 1,516.8% during the 1st quarter. Nordea Investment Management AB now owns 55,328 shares of the company’s stock worth $56,420,000 after acquiring an additional 51,906 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

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.