Super Micro Computer, Inc. (SMCI) Downgraded by TheStreet to C

TheStreet cut shares of Super Micro Computer, Inc. (NASDAQ:SMCI) from a b- rating to a c rating in a research note published on Tuesday morning.

SMCI has been the topic of a number of other research reports. Zacks Investment Research downgraded Super Micro Computer from a strong-buy rating to a hold rating in a research report on Thursday, October 5th. KeyCorp reiterated a hold rating on shares of Super Micro Computer in a research report on Friday, September 1st. BidaskClub downgraded Super Micro Computer from a hold rating to a sell rating in a research report on Thursday, June 29th. Stifel Nicolaus reiterated a hold rating and set a $30.00 price target on shares of Super Micro Computer in a research report on Friday, July 14th. Finally, Citigroup Inc. lowered their price target on Super Micro Computer from $31.00 to $23.00 and set a neutral rating on the stock in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $28.38.

Super Micro Computer (NASDAQ:SMCI) remained flat at $22.45 on Tuesday. 209,800 shares of the stock traded hands. The stock has a market capitalization of $1.10 billion, a PE ratio of 16.75 and a beta of 0.15. Super Micro Computer has a 1-year low of $20.42 and a 1-year high of $31.75. The stock’s 50 day moving average price is $24.13 and its 200 day moving average price is $24.87.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Super Micro Computer had a return on equity of 9.08% and a net margin of 2.74%. The firm had revenue of $717.90 million for the quarter, compared to the consensus estimate of $714.99 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company’s revenue was up 36.9% compared to the same quarter last year. Analysts expect that Super Micro Computer will post $1.98 earnings per share for the current fiscal year.

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In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the transaction, the director now owns 245,000 shares in the company, valued at $6,639,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. State Board of Administration of Florida Retirement System lifted its position in shares of Super Micro Computer by 21.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,858 shares of the technology company’s stock valued at $757,000 after acquiring an additional 5,360 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Super Micro Computer by 2.6% in the first quarter. First Trust Advisors LP now owns 74,650 shares of the technology company’s stock valued at $1,892,000 after acquiring an additional 1,899 shares in the last quarter. US Bancorp DE lifted its position in shares of Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock valued at $154,000 after acquiring an additional 176 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Super Micro Computer by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 505,486 shares of the technology company’s stock valued at $12,813,000 after acquiring an additional 21,293 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Super Micro Computer by 10.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,695 shares of the technology company’s stock valued at $195,000 after acquiring an additional 755 shares in the last quarter. Institutional investors and hedge funds own 77.39% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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