Super Micro Computer (NASDAQ:SMCI) Shares Up 2.8% on Analyst Upgrade

Shares of Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) were up 2.8% during trading on Friday after Loop Capital raised their price target on the stock from $35.00 to $40.00. Loop Capital currently has a buy rating on the stock. Super Micro Computer traded as high as $34.70 and last traded at $34.36. Approximately 13,967,897 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 30,618,381 shares. The stock had previously closed at $33.41.

A number of other equities research analysts also recently commented on SMCI. Barclays lowered their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Wedbush reiterated a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.89.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. State Street Corp increased its position in Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares during the last quarter. Geode Capital Management LLC increased its holdings in Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after buying an additional 31,064 shares during the period. International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the last quarter. Finally, Nepsis Inc. bought a new position in Super Micro Computer during the fourth quarter worth about $13,625,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 0.4 %

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $33.83 and a 200 day moving average price of $45.10. The company has a market capitalization of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31.

Super Micro Computer Company Profile

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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.

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