Super Micro Computer, Inc. (NASDAQ:SMCI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Super Micro Computer, Inc. designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture. The Company’s solutions include a range of rack mount and blade server systems, as well as components. Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. Super Micro Computer sells its server systems and components primarily through distributors, which include value-added resellers and system integrators, and to a lesser extent, to original equipment manufacturers (OEMs). Super Micro Computer, Inc. is headquartered in San Jose, California. “

Other equities research analysts have also issued research reports about the stock. Maxim Group reissued a “buy” rating and set a $43.00 price objective on shares of Super Micro Computer in a report on Friday, July 21st. ValuEngine raised shares of Super Micro Computer from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and set a $30.00 price objective on shares of Super Micro Computer in a report on Friday, July 14th. BidaskClub raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, KeyCorp reissued a “hold” rating on shares of Super Micro Computer in a report on Friday, September 1st. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Super Micro Computer currently has an average rating of “Hold” and an average price target of $28.38.

Shares of Super Micro Computer (NASDAQ:SMCI) opened at 23.00 on Thursday. The stock has a 50 day moving average of $24.71 and a 200-day moving average of $24.97. Super Micro Computer has a 52 week low of $20.42 and a 52 week high of $31.75. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 17.16 and a beta of 0.15.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. The firm had revenue of $717.90 million for the quarter, compared to analyst estimates of $714.99 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 36.9% on a year-over-year basis. Analysts expect that Super Micro Computer will post $1.98 earnings per share for the current year.

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In other news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the firm’s stock in a transaction dated 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 owns 245,000 shares of the company’s stock, valued at approximately $6,639,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new position in Super Micro Computer during the 2nd quarter worth approximately $202,000. The Manufacturers Life Insurance Company boosted its stake in Super Micro Computer by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock worth $745,000 after acquiring an additional 118 shares during the last quarter. State Street Corp boosted its stake in Super Micro Computer by 4.1% during the 2nd 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. Macquarie Group Ltd. boosted its stake in Super Micro Computer by 3.2% during the 2nd 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, Goldman Sachs Group Inc. boosted its stake in Super Micro Computer by 224.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 300,275 shares of the technology company’s stock worth $7,402,000 after acquiring an additional 207,714 shares during the last quarter. 77.39% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

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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