Barclays Trims Super Micro Computer (NASDAQ:SMCI) Target Price to $42.00

Super Micro Computer (NASDAQ:SMCI) had its price target decreased by Barclays from $438.00 to $42.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also recently commented on SMCI. Wedbush reiterated a neutral rating and issued a $8.00 price objective on shares of Super Micro Computer in a research note on Friday, August 2nd. StockNews.com upgraded shares of Super Micro Computer from a sell rating to a hold rating in a research note on Tuesday. Needham & Company LLC began coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a buy rating and a $6.00 price objective for the company. Susquehanna raised their price objective on shares of Super Micro Computer from $2.85 to $3.25 and gave the company a negative rating in a research note on Monday, July 15th. Finally, Nomura Securities downgraded shares of 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 issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of Hold and a consensus target price of $9.61.

Super Micro Computer Stock Down 0.8 %

SMCI stock opened at $41.23 on Wednesday. Super Micro Computer has a one year low of $22.66 and a one year high of $122.90. The stock has a market capitalization of $2.31 billion, a PE ratio of 2.31 and a beta of 1.23. 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 company has a fifty day moving average of $7.42 and a 200-day moving average of $8.23.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue was up 142.9% on a year-over-year basis. As a group, analysts expect that Super Micro Computer will post 28.5 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. GQG Partners LLC purchased a new stake in shares of Super Micro Computer during the first quarter worth about $1,325,466,000. Vanguard Group Inc. boosted its position in shares of Super Micro Computer by 25.7% in 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 during the last quarter. Wolf Hill Capital Management LP acquired a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $77,996,000. American Century Companies Inc. boosted its position in shares of Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after acquiring an additional 110,308 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $18,641,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.