Super Micro Computer (NASDAQ:SMCI) Coverage Initiated at Wedbush – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Equities researchers at StockNews.com started coverage on shares of Super Micro Computer (NASDAQ:SMCI – Get Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Several other analysts have also recently commented on SMCI. Susquehanna Bancshares cut shares of Super Micro Computer to a “neutral” rating and set a $55.00 target price for the company. in a research note on Monday, September 19th. Wedbush assumed coverage on shares of Super Micro Computer in a research note on Tuesday. They issued a “neutral” rating and a $55.00 target price for the company. Susquehanna cut shares of Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 target price for the company. in a research note on Monday, September 19th. Finally, Northland Securities lifted their target price on shares of Super Micro Computer from $85.00 to $97.00 in a research note on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.40.
Super Micro Computer Price Performance
SMCI stock opened at $55.00 on Wednesday. The firm has a 50 day moving average of $62.17 and a 200-day moving average of $51.25. Super Micro Computer has a 12-month low of $34.11 and a 12-month high of $74.93. The company has a current ratio of 1.91, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 10.54 and a beta of 1.32.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.39. Super Micro Computer had a return on equity of 22.79% and a net margin of 5.49%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. As a group, equities analysts expect that Super Micro Computer will post 6.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Super Micro Computer
A number of institutional investors have recently modified their holdings of SMCI. Wolf Hill Capital Management LP grew its position in shares of Super Micro Computer by 24.8% during the 4th quarter. Wolf Hill Capital Management LP now owns 936,645 shares of the company’s stock valued at $41,166,000 after buying an additional 185,842 shares during the last quarter. Walleye Capital LLC grew its position in Super Micro Computer by 119.0% in the 4th quarter. Walleye Capital LLC now owns 17,549 shares of the company’s stock worth $771,000 after purchasing an additional 9,536 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Super Micro Computer in the 1st quarter worth about $2,193,000. Hussman Strategic Advisors Inc. bought a new position in Super Micro Computer in the 1st quarter worth about $792,000. Finally, SummerHaven Investment Management LLC grew its position in Super Micro Computer by 4.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 25,319 shares of the company’s stock worth $964,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors and hedge funds own 73.61% of the company’s stock.
About Super Micro Computer
(Get Rating)
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.
Further Reading
- Get a free copy of the StockNews.com research report on Super Micro Computer (SMCI)
- Institutional Investors Are Buying These Two Stocks
- Put Pep In Your Portfolio With Low-Beta Pepsico
- Is Take-Two Interactive Software Inc. a Q4 Winner?
- 3 Oil Stocks That Are Heating Back Up
- Why All the Buzz Around These 3 Stocks?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Super Micro Computer, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Super Micro Computer wasn’t on the list.
While Super Micro Computer currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Brian Mulberry brings three large-cap ideas today and discusses why one utility may have potential beyond the traditional role of a dividend payer
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.