Super Micro Computer (NASDAQ:SMCI) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Super Micro Computer (NASDAQ:SMCI) to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

SMCI has been the subject of several other reports. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Mizuho began coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Barclays reduced their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $31.59 on Friday. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29. The stock has a fifty day moving average of $35.34 and a 200 day moving average of $54.14. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after purchasing an additional 88,692 shares during the period. Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock worth $529,753,000 after buying an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after acquiring an additional 31,064 shares during the period. International Assets Investment Management LLC increased its position in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Super Micro Computer by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after acquiring an additional 2,011 shares during the period. 84.06% of the stock is owned by 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.