Super Micro Computer (NASDAQ:SMCI) Downgraded by Susquehanna to “Neutral”

Susquehanna downgraded shares of Super Micro Computer (NASDAQ:SMCIGet Rating) from a positive rating to a neutral rating in a research report released on Monday, MarketBeat.com reports. Susquehanna currently has $55.00 price target on the stock.

Other research analysts also recently issued reports about the stock. Northland Securities lifted their price target on shares of Super Micro Computer from $85.00 to $97.00 in a research note on Thursday, July 21st. Susquehanna Bancshares lifted their price target on shares of Super Micro Computer from $70.00 to $88.00 and gave the stock a positive rating in a research note on Friday, August 12th.

Super Micro Computer Trading Down 1.5 %

Shares of Super Micro Computer stock opened at $54.19 on Monday. Super Micro Computer has a 1 year low of $34.11 and a 1 year high of $74.93. The firm has a market cap of $2.84 billion, a PE ratio of 10.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 0.86. The company has a 50 day simple moving average of $60.49 and a two-hundred day simple moving average of $49.82.

Super Micro Computer (NASDAQ:SMCIGet Rating) last announced its earnings results on Tuesday, August 9th. The company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.39. Super Micro Computer had a net margin of 5.49% and a return on equity of 22.79%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the business posted $0.75 earnings per share. Super Micro Computer’s revenue for the quarter was up 52.8% on a year-over-year basis. Analysts expect that Super Micro Computer will post 6.92 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

Several large investors have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN boosted its holdings in Super Micro Computer by 1.7% in the first quarter. Disciplined Growth Investors Inc. MN now owns 4,512,092 shares of the company’s stock valued at $171,775,000 after acquiring an additional 77,339 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 1.5% in the first quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company’s stock valued at $168,077,000 after acquiring an additional 66,035 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after buying an additional 275,725 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Super Micro Computer by 11.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after buying an additional 171,335 shares in the last quarter. Finally, Hawk Ridge Capital Management LP boosted its holdings in shares of Super Micro Computer by 2.2% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,619,061 shares of the company’s stock valued at $61,638,000 after buying an additional 34,900 shares in the last quarter. Institutional investors own 73.61% of the company’s stock.

Super Micro Computer Company Profile

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

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