Super Micro Computer (NASDAQ:SMCI) Shares to Split on Tuesday, October 1st

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock is scheduled to split on Tuesday, October 1st. The 10-1 split was announced on Tuesday, August 6th. The newly minted shares will be payable to shareholders after the closing bell on Monday, September 30th.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $457.27 on Monday. The firm has a market capitalization of $25.58 billion, a P/E ratio of 25.63 and a beta of 1.24. The stock has a fifty day moving average price of $578.53 and a two-hundred day moving average price of $784.50. Super Micro Computer has a 52-week low of $226.59 and a 52-week high of $1,229.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 earnings per share for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $3.43 EPS. The business’s quarterly revenue was up 142.9% on a year-over-year basis. As a group, analysts anticipate that Super Micro Computer will post 28.5 EPS for the current fiscal year.

Analysts Set New Price Targets

SMCI has been the topic of a number of recent research reports. Cfra reaffirmed a “hold” rating and issued a $454.00 price objective (down from $729.00) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Wedbush reissued a “neutral” rating and issued a $800.00 target price on shares of Super Micro Computer in a research note on Friday, August 2nd. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $650.00 to $375.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Finally, Barclays cut shares of Super Micro Computer from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $693.00 to $438.00 in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $756.88.

Institutional Trading of Super Micro Computer

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

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.