2 weeks Ago By ABMN Staff
Super Micro Computer ( NASDAQ:SMCI – Get Free Report ) ‘s stock had its “hold” rating reiterated by research analysts at Cfra in a research note issued on Wednesday, Benzinga reports. They presently have a $454.00 price objective on the stock, down from their previous price objective of $729.
00. Cfra’s price target indicates a potential upside of 1.15% from the company’s current price.
A number of other equities research analysts have also recently commented on SMCI. Susquehanna increased their target price on shares of Super Micro Computer from $285.00 to $325.
00 and gave the company a “negative” rating in a research report on Monday, July 15th. Nomura Securities lowered shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Wedbush reissued a “neutral” rating and issued a $800.
00 price objective on shares of Super Micro Computer in a report on Friday, August 2nd. The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $775.00 to $675.
00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Nomura lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $930.00 price objective for the company.
in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $840.
36. Get Our Latest Stock Analysis on Super Micro Computer Super Micro Computer Stock Performance Shares of Super Micro Computer are set to split on the morning of Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th.
The newly issued shares will be distributed to shareholders after the market closes on Monday, September 30th. Super Micro Computer ( NASDAQ:SMCI – Get Free Report ) last issued its earnings results on Tuesday, August 6th. The company reported $6.
25 EPS for the quarter, missing analysts’ consensus estimates of $7.63 by ($1.38).
The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion.
Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%.
Super Micro Computer’s quarterly revenue was up 142.9% on a year-over-year basis. During the same quarter last year, the company earned $3.
43 earnings per share. As a group, research analysts forecast that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.
Insiders Place Their Bets In other news, Director Daniel W. Fairfax sold 300 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.
00, for a total value of $240,600.00. Following the completion of the transaction, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374.
The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . 17.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in SMCI. GQG Partners LLC purchased a new position in shares of Super Micro Computer in the first quarter valued at approximately $1,325,466,000. Vanguard Group Inc.
boosted its stake 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 valued at $6,256,739,000 after purchasing an additional 1,265,542 shares during the period. Norges Bank purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $95,211,000. Wolf Hill Capital Management LP purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $77,996,000.
Finally, American Century Companies Inc. boosted its stake 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 valued at $108,035,000 after purchasing an additional 110,308 shares during the period. Hedge funds and other institutional investors own 84.
06% of the company’s stock. Super Micro Computer Company Profile ( Get Free Report ) 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.
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