Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $66.89 Consensus PT from Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $66.89.

A number of research firms have recently commented on SMCI. Barclays dropped their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. Loop Capital dropped their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. The Goldman Sachs Group dropped 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 research report on Wednesday, November 6th. Finally, Cfra reissued a “hold” rating and issued a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its stake in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after purchasing an additional 258 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at $443,000. Tidal Investments LLC boosted its stake in shares of Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after purchasing an additional 29,697 shares in the last quarter. World Investment Advisors LLC boosted its stake in shares of Super Micro Computer by 13,210.5% in the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI opened at $44.16 on Friday. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market cap of $24.70 billion, a PE ratio of 22.05 and a beta of 1.29. 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 firm’s 50 day moving average price is $36.99 and its 200 day moving average price is $57.33.

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.