Super Micro Computer, Inc. (NASDAQ:SMCI) reached a new 52-week low during trading on Tuesday after Susquehanna Bancshares downgraded the stock from a positive rating to a neutral rating. The company traded as low as $20.91 and last traded at $20.95, with a volume of 1,007,930 shares. The stock had previously closed at $21.20.

A number of other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. KeyCorp restated a “hold” rating on shares of Super Micro Computer in a report on Friday, September 1st. BidaskClub cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Super Micro Computer in a research note on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $29.63.

In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the transaction, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 24.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Louisiana State Employees Retirement System lifted its position in shares of Super Micro Computer by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the technology company’s stock valued at $388,000 after purchasing an additional 300 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Super Micro Computer by 3.4% during the first quarter. Nationwide Fund Advisors now owns 94,748 shares of the technology company’s stock valued at $2,402,000 after purchasing an additional 3,086 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Super Micro Computer by 103.4% during the first quarter. Russell Investments Group Ltd. now owns 95,236 shares of the technology company’s stock valued at $2,414,000 after purchasing an additional 48,411 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Super Micro Computer by 7.1% during the first quarter. Great West Life Assurance Co. Can now owns 52,495 shares of the technology company’s stock valued at $1,328,000 after purchasing an additional 3,480 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Super Micro Computer by 21.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 29,858 shares of the technology company’s stock valued at $757,000 after purchasing an additional 5,360 shares in the last quarter. 77.39% of the stock is currently owned by institutional investors.

The stock has a market cap of $1.02 billion, a P/E ratio of 15.63 and a beta of 0.18. The firm’s 50-day moving average price is $26.44 and its 200-day moving average price is $25.24.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $717.90 million for the quarter, compared to analysts’ expectations of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. Super Micro Computer’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. On average, equities research analysts predict that Super Micro Computer, Inc. will post $2.03 EPS for the current fiscal year.

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Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/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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