Super Micro Computer (NASDAQ:SMCI) Price Target Cut to $28.00 by Analysts at The Goldman Sachs Group

Super Micro Computer (NASDAQ:SMCI) had its price objective lowered by The Goldman Sachs Group from $67.50 to $28.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently weighed in on the company. Cfra reissued a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Loop Capital cut their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, Barclays decreased their price target 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. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Price Performance

SMCI stock opened at $22.70 on Wednesday. The business has a 50 day moving average price of $43.36 and a 200 day moving average price of $65.69. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 11.40 and a beta of 1.28. Super Micro Computer has a fifty-two week low of $20.20 and a fifty-two week high of $122.90.

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

Institutional Trading of Super Micro Computer

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Super Micro Computer by 25.7% during the first quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock worth $6,256,739,000 after acquiring an additional 1,265,542 shares during the period. GQG Partners LLC purchased a new stake in shares of Super Micro Computer during the 1st quarter worth $1,325,466,000. International Assets Investment Management LLC increased its holdings in shares of Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Super Micro Computer by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares during the period. Finally, Swiss National Bank boosted its holdings in Super Micro Computer by 1.1% during the first quarter. Swiss National Bank now owns 150,600 shares of the company’s stock worth $152,111,000 after buying an additional 1,700 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Company Profile

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.