Super Micro Computer, Inc. (NASDAQ:SMCI) Given Average Rating of “Hold” by Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $66.89.

Several analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Cfra restated a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Finally, Barclays dropped their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Super Micro Computer by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company’s stock valued at $6,256,739,000 after acquiring an additional 1,265,542 shares in the last quarter. State Street Corp raised 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 worth $890,322,000 after acquiring an additional 88,692 shares in the last quarter. GQG Partners LLC acquired a new stake in Super Micro Computer during the first quarter worth approximately $1,325,466,000. Geode Capital Management LLC boosted its position 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 worth $529,753,000 after buying an additional 16,007 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Up 3.2 %

SMCI stock opened at $18.58 on Tuesday. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm has a fifty day moving average price of $39.66 and a 200 day moving average price of $62.62. The firm has a market cap of $10.39 billion, a PE ratio of 9.34 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

About Super Micro Computer

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.