Super Micro Computer (NASDAQ:SMCI) Downgraded by JPMorgan Chase & Co. to Neutral

Super Micro Computer (NASDAQ:SMCI) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Friday, September 6th, MarketBeat reports. They presently have a $5.00 target price on the stock, down from their previous target price of $9.50. JPMorgan Chase & Co.‘s target price indicates a potential downside of 87.59% from the company’s current price.

A number of other equities research analysts have also weighed in on SMCI. Rosenblatt Securities restated a “buy” rating and issued a $13.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Susquehanna boosted their target price on Super Micro Computer from $2.85 to $3.25 and gave the company a “negative” rating in a research note on Monday, July 15th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.90 to $7.00 in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on Super Micro Computer from $6.50 to $3.75 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Finally, Nomura cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and set a $9.30 target price on the stock. in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.26.

Super Micro Computer Price Performance

SMCI stock opened at $40.28 on Friday. The firm has a 50 day moving average of $14.21 and a 200-day moving average of $10.64. The firm has a market capitalization of $2.25 billion, a P/E ratio of 2.27 and a beta of 1.24. Super Micro Computer has a 12 month low of $22.66 and a 12 month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 142.9% compared to the same quarter last year. As a group, sell-side analysts predict that Super Micro Computer will post 28.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. boosted its stake in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $25,000. Bank of New Hampshire purchased a new stake in shares of Super Micro Computer during the 1st quarter valued at about $35,000. VitalStone Financial LLC lifted its stake in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.