The stock of Super Micro Computer, Inc. (NASDAQ:SMCI) is a huge mover today! About 276,211 shares traded hands. Super Micro Computer, Inc. (NASDAQ:SMCI) has declined 9.09% since April 27, 2016 and is downtrending. It has underperformed by 14.32% the S&P500.
The move comes after 9 months positive chart setup for the $1.30 billion company. It was reported on Nov, 30 by Barchart.com. We have $29.45 PT which if reached, will make NASDAQ:SMCI worth $104.00 million more.
Analysts await Super Micro Computer, Inc. (NASDAQ:SMCI) to report earnings on January, 26. They expect $0.42 EPS, down 37.31% or $0.25 from last year’s $0.67 per share. SMCI’s profit will be $20.02M for 16.23 P/E if the $0.42 EPS becomes a reality. After $0.26 actual EPS reported by Super Micro Computer, Inc. for the previous quarter, Wall Street now forecasts 61.54% EPS growth.
Super Micro Computer, Inc. (NASDAQ:SMCI) Ratings Coverage
Out of 8 analysts covering Super Micro Computer (NASDAQ:SMCI), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Super Micro Computer has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, July 19. The company was maintained on Friday, October 23 by Needham. The stock has “Buy” rating given by Needham on Friday, October 9. Stifel Nicolaus maintained Super Micro Computer, Inc. (NASDAQ:SMCI) on Friday, October 9 with “Buy” rating. As per Friday, August 14, the company rating was maintained by Roth Capital. The company was upgraded on Wednesday, January 27 by Susquehanna. As per Friday, September 23, the company rating was maintained by Maxim Group. On Monday, June 13 the stock rating was maintained by Maxim Group with “Buy”. The rating was downgraded by Roth Capital to “Neutral” on Friday, August 5. On Friday, January 29 the stock rating was maintained by Maxim Group with “Buy”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.29, from 1.12 in 2016Q1. The ratio fall, as 37 funds sold all Super Micro Computer, Inc. shares owned while 45 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 34.99 million shares or 5.66% less from 37.09 million shares in 2016Q1.
Amer Group Inc accumulated 28,533 shares or 0% of the stock. State Of Tennessee Treasury Department owns 29,085 shares or 0% of their US portfolio. Regions has 65,862 shares for 0.02% of their US portfolio. Partnervest Advisory last reported 10,144 shares in the company. Blackrock Fund Advsr holds 0.01% or 2.44M shares in its portfolio. Wells Fargo Mn has 543,896 shares for 0.01% of their US portfolio. California Pub Employees Retirement System holds 53,900 shares or 0% of its portfolio. Meeder Asset Mgmt owns 4 shares or 0% of their US portfolio. Moreover, Glenmede Tru Na has 0.19% invested in Super Micro Computer, Inc. (NASDAQ:SMCI) for 1.26 million shares. The New York-based Pinnacle Ltd has invested 0.14% in Super Micro Computer, Inc. (NASDAQ:SMCI). Moreover, Rhumbline Advisers has 0% invested in Super Micro Computer, Inc. (NASDAQ:SMCI) for 51,514 shares. Prudential Financial holds 0.01% or 268,118 shares in its portfolio. Alliancebernstein Limited Partnership has 0% invested in the company for 58,164 shares. Tower Rech Cap Llc (Trc) reported 3,724 shares or 0.01% of all its holdings. Envestnet Asset Mgmt, a Illinois-based fund reported 35,634 shares.
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 7 sales for $1.57 million net activity. Tsai Hwei-Ming Fred also sold $128,763 worth of Super Micro Computer, Inc. (NASDAQ:SMCI) on Monday, November 14. The insider Hideshima Howard sold 20,314 shares worth $519,425. 500 shares were sold by CHOU CHENG-HSIEN PHIDIAS, worth $12,437 on Friday, November 11. The insider Liaw Yih-Shyan Wally sold 20,000 shares worth $431,122.
More notable recent Super Micro Computer, Inc. (NASDAQ:SMCI) news were published by: Prnewswire.com which released: “Memory1 Servers Now Available from Super Micro Computer, Inc.” on November 17, 2016, also Fool.com with their article: “Why Super Micro Computer, Inc. Stock Plummeted Today” published on July 19, 2016, Fool.com published: “Why Super Micro Computer, Inc. Stock Plunged Today” on April 15, 2016. More interesting news about Super Micro Computer, Inc. (NASDAQ:SMCI) were released by: Fool.com and their article: “Why Super Micro Computer, Inc. Stock Skyrocketed Today” published on January 12, 2016 as well as Businesswire.com‘s news article titled: “Super Micro Computer, Inc. Announces 4th Quarter 2016 Financial Results” with publication date: August 04, 2016.
SMCI Company Profile
Super Micro Computer, Inc., incorporated on August 28, 2006, 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. The Firm sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Firm develops and makes server solutions based upon a modular and open architecture. The Firm offers a range of application optimized server solutions, including rackmount and blade server systems and subsystems and accessories, which clients can use to build complete server systems.
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