Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $39.2143.

A number of equities analysts have issued reports on SMCI shares. Raymond James Financial lowered their target price on Super Micro Computer from $45.00 to $39.00 in a report on Friday, June 12th. Citigroup reissued a “neutral” rating and set a $33.00 price target (up from $31.00) on shares of Super Micro Computer in a research note on Monday, July 13th. Wolfe Research initiated coverage on Super Micro Computer in a research note on Thursday, June 11th. They issued a “peer perform” rating for the company. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Super Micro Computer in a research note on Wednesday, May 6th. Finally, Wedbush dropped their price objective on shares of Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th.

Hedge Funds Weigh In On Super Micro Computer

Several large investors have recently modified their holdings of SMCI. Norges Bank bought a new stake in Super Micro Computer in the fourth quarter worth approximately $136,569,000. Assenagon Asset Management S.A. boosted its holdings in shares of Super Micro Computer by 1,770.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock worth $63,789,000 after buying an additional 2,058,588 shares in the last quarter. Invesco Ltd. grew its position in shares of Super Micro Computer by 21.2% during the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock worth $291,347,000 after buying an additional 1,738,749 shares during the period. Amundi grew its position in shares of Super Micro Computer by 188.8% during the 4th quarter. Amundi now owns 2,421,891 shares of the company’s stock worth $70,889,000 after buying an additional 1,583,229 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake in shares of Super Micro Computer by 16.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock valued at $476,905,000 after acquiring an additional 1,381,046 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Up 0.8%

Shares of NASDAQ:SMCI opened at $28.64 on Thursday. Super Micro Computer has a 52-week low of $19.48 and a 52-week high of $59.40. The company has a market capitalization of $17.22 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.34 and a beta of 1.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66. The company has a fifty day moving average of $32.07 and a 200-day moving average of $30.45.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.21. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.Super Micro Computer’s revenue for the quarter was up 122.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, equities analysts predict that Super Micro Computer will post 2.1 EPS for the current fiscal year.

Super Micro Computer Company Profile

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.