Super Micro Computer Inc. (NASDAQ:SMCI) rose 2.6% during mid-day trading on Thursday . The stock traded as high as $22.26 and last traded at $22.19, with a volume of 165,733 shares trading hands. The stock had previously closed at $21.63.

SMCI has been the topic of several research analyst reports. Roth Capital downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price objective for the company from $40.00 to $22.50 in a report on Friday, August 5th. Zacks Investment Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 15th. DA Davidson cut Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $19.00 in a research note on Tuesday, July 19th. Susquehanna reissued a “positive” rating and set a $33.00 target price on shares of Super Micro Computer in a research note on Wednesday, July 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Super Micro Computer in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.69.

The firm has a market capitalization of $1.07 billion and a price-to-earnings ratio of 15.93. The stock has a 50-day moving average of $21.62 and a 200-day moving average of $26.96.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. During the same quarter last year, the business earned $0.57 EPS. The firm earned $524.30 million during the quarter, compared to analyst estimates of $599.48 million. The firm’s revenue was down 8.6% on a year-over-year basis. Equities analysts predict that Super Micro Computer Inc. will post $1.38 earnings per share for the current year.

In other news, insider Yih-Shyan Wally Liaw sold 20,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $21.51, for a total transaction of $430,200.00. Following the sale, the insider now owns 20,000 shares in the company, valued at $430,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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