Brokerages Set Super Micro Computer, Inc. (NASDAQ:SMCI) PT at $62.89

Shares of Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) have received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $62.89.

A number of brokerages have issued reports on SMCI. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their target price for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Loop Capital upped their price target on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Wedbush reissued a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th.

Get Our Latest Stock Report on Super Micro Computer

Super Micro Computer Trading Up 3.0 %

NASDAQ:SMCI opened at $28.64 on Friday. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 14.38 and a beta of 1.31. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business’s 50-day simple moving average is $34.00 and its 200 day simple moving average is $43.38.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after purchasing an additional 1,192,366 shares during the period. Geode Capital Management LLC grew its position in 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 purchasing an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake 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 valued at $434,500,000 after purchasing an additional 31,064 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Super Micro Computer by 897.0% during the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after buying an additional 885,582 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

About Super Micro Computer

(Get Free Report

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.

Further Reading

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.