Super Micro Computer (NASDAQ:SMCI) Shares Gap Down – Should You Sell?

by · The Cerbat Gem

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $47.29, but opened at $45.80. Super Micro Computer shares last traded at $45.23, with a volume of 13,775,361 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Loop Capital dropped their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. The Goldman Sachs Group cut their target price on shares of Super Micro Computer from $77.50 to $67.50 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a research note on Wednesday, July 10th. Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Barclays decreased their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.45.

Check Out Our Latest Analysis on SMCI

Super Micro Computer Price Performance

The firm has a market cap of $26.74 billion, a PE ratio of 24.00 and a beta of 1.23. The stock’s fifty day moving average price is $49.04 and its 200-day moving average price is $72.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The company had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company’s quarterly revenue was up 142.9% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share. As a group, equities analysts forecast that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently bought and sold shares of SMCI. Sound Income Strategies LLC raised its stake in shares of Super Micro Computer by 14.4% during the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after buying an additional 13 shares during the last quarter. Invst LLC grew its stake in Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after acquiring an additional 14 shares during the last quarter. Byrne Asset Management LLC increased its holdings in Super Micro Computer by 10.4% during the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after acquiring an additional 14 shares in the last quarter. Versant Capital Management Inc raised its position in Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after acquiring an additional 15 shares during the last quarter. Finally, TFC Financial Management Inc. lifted its holdings in shares of Super Micro Computer by 23.1% in the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after purchasing an additional 15 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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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