Super Micro Computer Inc. (SMCI) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California. “
A number of other research analysts have also recently commented on the company. TheStreet cut Super Micro Computer from a buy rating to a hold rating in a research note on Monday, August 22nd. Roth Capital cut Super Micro Computer from a buy rating to a neutral rating and dropped their price objective for the stock from $40.00 to $22.50 in a research note on Friday, August 5th. Needham & Company LLC reissued a buy rating and issued a $25.00 price objective on shares of Super Micro Computer in a research note on Friday, August 5th. Pacific Crest initiated coverage on Super Micro Computer in a research note on Thursday, July 28th. They issued a sector weight rating on the stock. Finally, DA Davidson cut Super Micro Computer from a buy rating to a neutral rating and dropped their price objective for the stock from $35.00 to $19.00 in a research note on Tuesday, July 19th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $31.69.
Super Micro Computer (NASDAQ:SMCI) opened at 22.93 on Wednesday. The stock’s 50 day moving average price is $21.60 and its 200-day moving average price is $25.93. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 16.50 and a beta of 0.74. Super Micro Computer has a 12 month low of $18.60 and a 12 month high of $34.69.
Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Thursday, August 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $524.30 million for the quarter, compared to the consensus estimate of $599.48 million. Super Micro Computer had a net margin of 3.54% and a return on equity of 11.48%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. Equities analysts anticipate that Super Micro Computer will post $1.37 EPS for the current fiscal year.
In other news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $21.51, for a total transaction of $430,200.00. Following the completion of the sale, the insider now owns 20,000 shares in the company, valued at approximately $430,200. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $21.65, for a total value of $439,754.80. Following the sale, the chief financial officer now owns 20,312 shares of the company’s stock, valued at approximately $439,754.80. The disclosure for this sale can be found here. Company insiders own 24.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised its position in shares of Super Micro Computer by 28.3% in the first quarter. Prudential Financial Inc. now owns 108,403 shares of the company’s stock worth $3,694,000 after buying an additional 23,900 shares during the period. Apex Capital Management raised its position in shares of Super Micro Computer by 20.3% in the first quarter. Apex Capital Management now owns 291,219 shares of the company’s stock worth $9,925,000 after buying an additional 49,075 shares during the period. BlackRock Group LTD raised its position in shares of Super Micro Computer by 7.7% in the first quarter. BlackRock Group LTD now owns 36,464 shares of the company’s stock worth $1,242,000 after buying an additional 2,603 shares during the period. Algert Global LLC purchased a new position in shares of Super Micro Computer during the first quarter worth about $489,000. Finally, HBK Investments L P purchased a new position in shares of Super Micro Computer during the first quarter worth about $267,000. Hedge funds and other institutional investors own 73.25% of the company’s stock.
About Super Micro Computer
Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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.
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