Brokerages Set Super Micro Computer, Inc. (SMCI) Price Target at $28.00

Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.00.

A number of analysts have recently weighed in on the company. Maxim Group raised their target price on Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, May 9th. DA Davidson raised their target price on Super Micro Computer to $24.00 and gave the company a “neutral” rating in a research note on Monday, May 7th. Finally, BidaskClub upgraded Super Micro Computer from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 8th.

Shares of NASDAQ:SMCI traded down $0.05 during midday trading on Friday, reaching $23.70. The company’s stock had a trading volume of 3,594 shares, compared to its average volume of 480,687. Super Micro Computer has a fifty-two week low of $23.70 and a fifty-two week high of $23.98. The firm has a market cap of $1.15 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.16 and a beta of 0.19.



A number of institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its holdings in Super Micro Computer by 5.8% in the first quarter. Prudential Financial Inc. now owns 66,295 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 3,632 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Super Micro Computer by 51.0% in the first quarter. Victory Capital Management Inc. now owns 11,266 shares of the technology company’s stock valued at $192,000 after acquiring an additional 3,806 shares during the last quarter. Barclays PLC boosted its holdings in Super Micro Computer by 18.6% in the first quarter. Barclays PLC now owns 24,564 shares of the technology company’s stock valued at $418,000 after acquiring an additional 3,861 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Super Micro Computer by 9.5% in the first quarter. California Public Employees Retirement System now owns 45,991 shares of the technology company’s stock valued at $782,000 after acquiring an additional 3,991 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Super Micro Computer by 6.9% in the first quarter. Swiss National Bank now owns 67,900 shares of the technology company’s stock valued at $1,154,000 after acquiring an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 80.48% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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