Susquehanna Bancshares Inc cut shares of Super Micro Computer, Inc. (NASDAQ:SMCI) from a positive rating to a neutral rating in a report released on Tuesday morning, MarketBeat reports. They currently have $23.00 target price on the technology company’s stock, down from their previous target price of $31.00.

Several other analysts have also recently weighed in on SMCI. BidaskClub raised shares of Super Micro Computer from a sell rating to a hold rating in a report on Tuesday, June 13th. Stifel Nicolaus reaffirmed a hold rating and issued a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. ValuEngine raised shares of Super Micro Computer from a hold rating to a buy rating in a report on Wednesday, July 19th. Maxim Group reaffirmed a buy rating and issued a $43.00 target price on shares of Super Micro Computer in a report on Friday, July 21st. Finally, Zacks Investment Research cut shares of Super Micro Computer from a hold rating to a sell rating in a report on Tuesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $28.38.

Shares of Super Micro Computer (NASDAQ SMCI) traded up 2.476% on Tuesday, hitting $21.725. 267,431 shares of the stock were exchanged. Super Micro Computer has a 52-week low of $20.42 and a 52-week high of $31.75. The company’s 50 day moving average is $26.27 and its 200-day moving average is $25.21. The stock has a market cap of $1.06 billion, a PE ratio of 16.213 and a beta of 0.18.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business 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%. The business’s quarterly revenue was up 36.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Analysts predict that Super Micro Computer will post $1.98 EPS for the current fiscal year.

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In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction that occurred 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 in the company, valued at $6,639,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Super Micro Computer by 46,673.4% during the first quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock worth $121,025,000 after acquiring an additional 4,763,953 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Super Micro Computer by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,562,194 shares of the technology company’s stock worth $87,808,000 after acquiring an additional 69,229 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Super Micro Computer by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after acquiring an additional 482,667 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Super Micro Computer by 3.2% during the second quarter. Macquarie Group Ltd. now owns 1,369,562 shares of the technology company’s stock worth $33,760,000 after acquiring an additional 41,972 shares during the last quarter. Finally, State Street Corp grew its position in shares of Super Micro Computer by 4.1% during the second quarter. State Street Corp now owns 965,582 shares of the technology company’s stock worth $23,802,000 after acquiring an additional 38,013 shares during the last quarter. Institutional investors and hedge funds own 77.39% of the company’s stock.

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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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